Understanding ATM Cards and Payments

What is an ATM card used for?

• Making online purchases only

• Accessing social media accounts

• Receiving promotional offers from banks

• An ATM card is used for banking transactions such as cash withdrawals and account inquiries.

What does CVV stand for?

• Card Value Verification

• Credit Verification Value

• Customer Verification Value

• Card Verification Value

What does CVC mean?

• Credit Verification Code

• Card Validation Code

• Customer Verification Code

• Card Verification Code

Why is it important to keep your ATM card safe?

• To avoid losing it in your house.

• To ensure it looks good in your wallet.

• It is important to keep your ATM card safe to prevent unauthorized access and protect against fraud.

• To collect rewards points for every transaction.

What is online payment?

• A method of paying with cash in physical stores.

• A system for exchanging goods without money.

• A type of loan for purchasing goods.

• Online payment is the electronic transfer of money for goods or services via the internet.

How can you pay for things online?

• Cash on delivery

• Gift cards only

• Bartering with goods

• Credit/debit cards, digital wallets, bank transfers, cryptocurrencies.

What is one way to protect your card information?

• Share your card details with anyone online.

• Use public Wi-Fi for transactions.

• Use a secure payment method.

• Store your card information in plain text.

What should you do if you lose your ATM card?

• Ignore the situation and wait for the card to arrive in the mail.

• Continue using the card as if nothing happened.

• Use someone else's ATM card to withdraw cash.

• Contact your bank to report the lost ATM card.

What is a secure website for online payments?

• Amazon Pay

• PayPal

• Stripe

• Square

Why do we need a CVV when making online purchases?

• To verify the cardholder's identity during delivery.

• We need a CVV to enhance security and prevent fraud during online purchases.

• It is required for all in-store purchases.

• CVV is used to track customer spending habits.