megabyte money - home - hillsboro city schools 4 notes.pdf · 2018-06-06 · megabyte...

Megabyte Money.notebook

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February 11, 2015

Sep 18-8:51 PM

Megabyte Money

Electronic "money" that replaces currency & checks.


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February 11, 2015

Sep 18-8:56 PM

With the Internet, electronic transfers, payments, & banking have been made easier and more popular.

Electronic Funds Transfer (EFT) allow for the substitution of checks and cash by using signals between networked computer systems.

One example of EFT would be a direct deposit from your employee into your bank account.


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February 11, 2015

Sep 15-9:37 AM

ATM - Automated Teller Machine

1. Withdraw Cash

2. Transfer funds between accounts

3. Make a Deposit

4. Check your balance

Two things you need:

1. Card2. PIN #


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February 11, 2015

Sep 18-9:04 PM

Examples of Megabyte Money

Debit Card - also known as a check card

1. Combination of a check card and ATM card2. Typically bear a VISA or MasterCard symbol3. Have 16 digits account number on the front along with exp. date and your name4. Deducts directly from checking account

http://www.cbsnews.com/news/how-scammers-can-steal-your-credit-card-information-at-

the-gas-pump/

http://www.click2houston.com/news/thieves-easily-stealing-credit-card-info-by-electronic-

pickpocketing/25026758


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February 11, 2015

Sep 18-9:08 PM

Regulation E -- banks will not automatically pay one time and/or recurring ATM or debit card transactions if there are not enough funds in your account.


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February 11, 2015

Sep 18-9:06 PM

Do's / Don'ts of ATM & Debit CardsDo's Don'ts

Make a PIN number that's easy

Visit an ATM that is in a well-lit area

Count your cash at the ATM

Record all your transactions

Lend your PIN to someone else

Keep your PIN away from your card

Report lost/stolen card

Be aware of skimming

Use an ATM if someone is watching

http://www.youtube.com/watch?v=PxYZ8q9GfuA


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February 11, 2015

Sep 18-9:11 PM

1. Provides you access to your bank accounts 24/7

2. You should have a username & password that is uncommon when setting up your online access

FYI - A Bank will NEVER request information via e-mail & typically not by phone. It's best to always go to the bank in person if they request information from you.


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February 11, 2015

Sep 18-9:19 PM

Online Bill Pay

You can send a check electronically using EFT.

You can set up recurring payments that will automatically be withdrawn.

You can also pay a bill once -- this typically incurs a fee.


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February 11, 2015

Sep 18-9:32 PM

Check 21 Conversion

Law that allows the electronic exchange of check payment information.

A substitute check is created which is just an electronic image of the original check


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February 11, 2015

Sep 18-9:22 PM

Vendor Payment Options

Electronic bill payments offered by service providers such as phone companies, utility companies, insurance companies, mortgage companies, etc.


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February 11, 2015

Sep 18-9:25 PM

Mobile Text Banking

Use your mobile device/phone to access account information.

Sends text messages of your balance, transaction history, banking information, etc.


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February 11, 2015

Sep 18-9:26 PM

Telephone Banking

Automated messages guide you through various options so you can access your account to perform basic banking functions

A PIN is required to use this service(once again, choose something thatis not obvious.)


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February 11, 2015

Sep 18-9:28 PM

Stored Value Cards (Gift Cards)

The equivalent of cash

Each card is worth a specific dollar amount

Some cards can be "reloaded"

They are disposable but when stolen, there's nothing you can do to retrieve them

Some cards will deduct "fees" if you do not use themwithin a specific time period


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February 11, 2015

Sep 18-9:30 PM

Electronic-Commerce

Shop online 24/7

Make purchases with debit or credit card or stored value card

Be sure to use protected/secure web sites

Research before you buy -- is the seller well-known and "trusted"


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February 11, 2015

Sep 18-9:32 PM

Protecting Your Personal Information

Phishing - text, pop-up or email requesting personal info.

Online Purchases - Secure web sites, recognize the vendor

Operating System & Web Browser - Keep up-to-date with latest security packages

Computer Disposal - "Wipe" your hard drives clean

Wireless Network - Use a wireless router with a password. Don't conduct private business on a public network.


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February 11, 2015

Sep 18-9:34 PM

MegabyteMoney

Online Banking

Telephone Banking

E-Commerce

ATM

Debit Cards

Mobile Banking

Takes money directly from checking


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February 11, 2015

Sep 16-8:11 AM

1. Vocabulary Crossword -- then review as a class

2. Studymaster #3 - Open Book & Open Note Quiz


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February 11, 2015

Sep 20-6:28 AM

If you are finished with the graphic organizer and questions, complete your weekly reflection by reading the Megabyte Money blog and answering the corresponding questions as your response. Be sure to use capitalization, punctuation, no texting words, proper grammar and complete sentences. Your response should be relevant and meaningful.

After that, you can visit the following site to play any of the games:

www.practicalmoneyskills.com/games


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February 11, 2015

Sep 18-7:57 AM

Megabyte Money

Online Banking

Regulation E

Stored Value Cards

Check 21 Conversion

Skimming

Phishing

Electronic Funds Transfer

E-Commerce

Debit Card

Know Vocabulary Terms / Definitions


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February 11, 2015

Sep 17-8:47 AM

Name 2 and Security Measures to Protect Yourself & Describe.

Examples:

- Check for skimming devices at ATM

- Wipe your hard drive clean if you throw computer away

- Only use secure web sites when online shopping

- Use a secure wireless network

- Make difficult passwords that are at least 8 characters in length


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February 11, 2015

Sep 15-9:37 AM

ATM - Automated Teller Machine

1. Withdraw Cash

2. Transfer funds between accounts

3. Make a Deposit

4. Check your balance


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February 11, 2015

Feb 9-3:15 PM

megabyte money - home - hillsboro city schools 4 notes.pdf · 2018-06-06 · megabyte...

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