MODERN BANKING SERVICES

MODERN BANKING SERVICES

Objectives:

. Definition and roles of ATM in the digital banking era

2. Definition of western union money transfer

3. Definition of money gram

ROLES OF ATM AND CASH ACCESS IN THE DIGITAL BANKING ERA

ATM technology is making banking easier and more convenient which plays a critical role in keeping consumers to their financial institutions.

ATM

WESTERN UNION

Western union: is a financial services corporation that specializes in the transfer of money from one location to another.

MONEY GRAM

Money gram: is a money transfer service to individuals and businesses through a network of agents and financial institutions.

Multiple Choice

ATM means: ___ teller machine.

• Automotive

• Automated

• Automatic

• Auto

Multiple Choice

To carry out transaction using ATM, your____ is needed.

• Pan

• Number

• PIN

• Logo

Multiple Choice

The PIN use to access ATM is ___ digits PIN.

• 1

• 2

• 3

• 4

Multiple Choice

Your 4-digits ATM pin must be kept secrete.

• True

• False

• Open

• Close

Multiple Choice

A financial services corporation that specializes in the transfer of money from one location to another is ___

• Western union

• Eastern union

• Transfer

• Deficit

Multiple Choice

A money transfer service to individuals and businesses through a network of agents and financial institutions is

• Western gram

• Money gram

• Intergram

• Telegram

Multiple Choice

e-banking means

• electrical banking

• etransfer

• electronic banking

• electric banking

Multiple Choice

e-banking enables bank customers to access bank platform from their ___

• confort zone

• channel

• cruise

• garbage

Multiple Choice

P.O.S means

• Point of sales

• point of selling

• point of sell

• point of sold

Multiple Choice

e-banking enables customers to do all of the following except ____

• checking of account balance

• subscription

• transfer

• cashing of cheque