lesson 11
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Created by:
caldwelldr on April 5, 2010
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mrs knight
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12 terms
Terms | Definitions |
|---|---|
Account Transfer | making an online transfer of money, for example, from a savings account to a checking account. |
Fraud | When a criminal uses trickery to convince someone to give up valueable information or items of value. |
Identity Theft | When a criminal opens a credit card with another persons name and social serurity number, charges merchandise, and leaves the victim with the unpaid bill. |
Internet | The worldwide electronic network including web pages, chat rooms, and online forums. |
Internet Access | Service that connects a computer to the internet. |
Online Banking | Using the internet and a bank's website to keep track of bank accounts, moving money from one account to another, and paying bills. |
Password | Secret word used, with the username, to access online banking. Banks usually have rules for passwords, such as they must be 6 to 12 characters long and have both numbers and letters. |
Personal Information | Important identifying data that lets your online bank know you are who you say you are, such as date of birth, social security number, and mother's maiden name. |
Phishing | When a criminal sends an email using a scheme to get you to divulge your personal information. Contact your immediately if an email says you will lose your account unless you provide your user name and password or any other personal information. |
PIN | a number used to access your account when used with a money card or debit card. |
Recurring payments | Automatic payments a customer can set up, such as to pay for car insurnace or cell phone service. |
Username | account name used to access online banking |
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