Exercises on internet banking. PC banking and mobile banking 1. Explaining the purpuse of PC banking or internet banking. Informing students that internet banking is a way by computer or tablet to have access to your accounts 24 hours a day, 7 days a week. Informing students tahat you can transfer money, check your bank accounts, make investments and take out loans at any time.
Such a service requires optimal security so that your bank details do not fall into the wrong hands. In a lot of European countries, banks make it a point of honor to offer their clients a secure online banking platform. They use several secure systems: Some banks work with a card reader. Explaining students that whenever you want to do internet banking, you insert your bank card into a card reader that gives you a unique code that gives you access to the online banking platform. Other banks opt for a pin code that, without using your bank card, gives you a unique access code every time you want to use internet banking. With some smartphones this can be done via fingerprint or face scan. And finally, there are banks that only work with an identification code (login) and a password. 2. What is mobile banking? Since the advance of the smartphone, most banks also offer an app with which you can bank. Those apps have become extremely popular.
How to pay for purchases on the Internet?
More and more traders offer their products and services via the internet. They also ask you to pay via the internet. There are different systems for this.
1. Pay online with your credit card.
A frequently used payment method online is the credit card. When you pay in an online store, you choose how you pay. From now on you will always have to identify yourself on the basis of two of these three characteristics:
• With something you know (eg your PIN)
• With something you own (eg your smartphone)
• With something specific to you (eg your fingerprint)
• So you always need your smartphone or card reader.
After that, it is automatically checked whether the combination of all the data you have entered is correct and whether you have sufficient credit. If both checks are positive, the payment goes through.
2. Pay online with your debit card On many websites you can also pay with your debit card. You choose this option (Bancontact or Maestro) and fill in your card details:
• Your name (written as on the card)
• Your card number
• The validity date of your debit card (month and year)
In order to confirm the payment, you have to sign it electronically. To do this, insert your debit card into your card reader and follow the instructions. There are also other ways to electronically sign your online payment such as via SMS or a card reader that you use without having to insert your card. On your bank's website you will find more information about what type of card reader and procedure it uses to have your online payments signed. In many cases you can also simply scan the QR code involved.
3. Online transfers Some merchants also offer you the option to pay for your purchase by bank transfer. You will then be redirected directly to your bank's secure website or you will receive a transfer form with the delivery of your purchase.
4. Specialized online payment services.
However, more and more merchants are choosing to make payment through a third party that specializes in handling online payments. Because not only must the payment go smoothly, a buyer must also be given sufficient choice between different payment options (debit card, credit card, bank transfer, etc.). Paypal and Ogone-Ingenico are just about the best-known online payment services that you will encounter in Belgium and internationally. At some online stores you will be redirected to one of these payment systems at the time of payment. Some major online stores or suppliers even let you choose.
• Paypal is the payment service provider of the auction website Ebay. Ebay decided to also make Paypal available to other websites and merchants that sell online. If you pay with Paypal for the first time, you must follow the step-by-step plan to create a Paypal profile with your bank card details. After that, whenever you make an online payment via Paypal, you can use your login and password to pay. By paying with Paypal you do not give any personal information to the webshop itself. Your personal details (eg name, credit card number, etc.) are with Paypal. It is Paypal that confirms you via email that the payment has been successful.
• Ogone-Igenico specializes in handling online payments between merchants and consumers. To use Ogone, you do not need to create a profile. You just have to choose the payment method that suits you best at the time, such as debit or credit card, and follow the instructions. You will receive an email each time there is a new invoice. You can check your invoice before paying it, which is not the case with direct debit. How do you buy and pay securely online?
More and more people are familiar with online shopping. However, it is better to remain vigilant to avoid unpleasant surprises when shopping online. Wikifin is happy to share tips about safe online shopping.
1. How do you buy safely online?
Safe online shopping starts with a safe surfing environment. It is best to check some information. To make sure you're surfing on a secure address, check that the web address starts with https://. If there is only http, without -s, then the web page is not secured. Try to shop exclusively at webshops that are reliable and preferably at webshops that you know. To know whether a webshop has a good reputation, you can quickly and easily find comments from consumers about the service of a particular webshop, the quality of their products and services, via a simple search with a search engine. Do not blindly trust the quality label of a webshop.
2. Rights of the online consumer Online merchants must inform buyers clearly and correctly about their offer. Not only must the trader clearly display the main features of the product or service offered. He must also communicate the total price, including all additional costs (such as shipping costs), to the potential buyer. If the shipping costs are not known in advance, the online merchant must provide information about how those costs are calculated.
Once you’ve read the text on the topic, it’s time to test your knowledge.
Solve the following practice exercises!