Bank Officer - Fun Activities - Banking, Finance and Insurance

Banking, Finance & Insurance - BANK OFFICER

Research task - Understanding chip and PIN (some ideas from Reuban West, ACU Education student)

Secondary

Australian Curriculum General Capability: Numeracy
Australian Curriculum General Capability: Critical and creative thinking
Australian Curriculum General Capability: Personal and social capability
Australian Curriculum General Capability: Literacy

1. The following article is a negative critque on banks usage on Chip and PIN security when using cards in today's world: Chip and PIN security: The Conversation 30 March 2015 Reading

The Conversation

Check out the author - Steven J. Murdoch's credentials! What about his blog: Bentham's Gaze Reading

Discuss with a partner about Steven's interests as shown in his blog - is he credible?

2. Read the article and note down all the statistics and numeracy facts within the article.

3. There are three questions posed within the article:

So why are some banks issuing chip cards which don’t support PIN verification at all, leaving customers to sign for transactions instead?
Why has the US been so slow to roll out Chip and PIN, and,
Why have UK banks actually decreased security for contactless cards?

Is this down to one answer: profit as the author proclaims? Is this cynical on the part of the author or the reality?

4. Scenario: You are the bank officer of a major user of the PIN and chip system for cards. You are to defend your bank on it’s usage of this system and conduct a thorough response to the article.

This will require you to research all aspects of the PIN and Chip system from the following sites. As this is a professional response, you must not insult the writer of the article or disregard their argument as their article, like your response, is well researched.

Resources:

Reference.com: What are the advantages and disadvantages of chip readers and PIN pads?

Chip and SPIN!

EMV smartcards offer security benefits even without PIN, Visa says

Could "Watson" do a better job at being a bank teller than most current staff?

Middle Secondary

Australian Curriculum General Capability: Critical and creative thinking

Australian Curriculum General Capability: Personal and social capability

Australian Curriculum General Capability: Ethical Understanding

Cooperative Learning Activity

1. Read & summarise the key points from the following article from The Conversation 14 November 2016:

2. Share with a partner your key points and reduce them down to 5 key points that you both agree on.

3. Investigate the Facebook pages of the four major banks in Australia:

ANZ Facebook	NAB Facebook
Westpace Facebook	Commonwealth Bank Facebook

What are the banks marketing on Facebook? Are they succeeding? What are some of the comments like about service? Do they align with the article from The Conversation?

4. Create an online survey using SurveyMonkey, as a class, around bank service and ask your family to participate in the survey.

Probe responses to what your family thinks about banking service and banking in general.

5. Compare the responses you get from your survey to those on Facebook. Are they similar? If so, how? If not, why?

6. Answer the question: Could "Watson" do a better job at being a bank teller than most current staff? How? What is the ethics behind robots taking over this job?

What is your personal response to "Watson" taking over this job?

What is Money Laundering? How does it effect Australian banks?: Cornell Note-taking Method & Analysis

Secondary

Cooperative Learning Activity

1. In groups of 3 - 4 students, read the following articles from

The Conversation 24 September 2020 Read

The Conversation 22 September 2020

2. Using the Cornell Note-taking Method, write up your notes individually from these two articles remembering to add your questions.

3. Compare your notes with the other members of your group. Do you have the same questions? Comments? Observations?

4. Collate your main questions, comments and observations as a group. Compare with one other group of students.

Credit Terms: Mindmap

Middle Secondary

Australian Curriculum General Capability: Critical and creative thinking
Australian Curriculum General Capability: Personal and social capability
Australian Curriculum General Capability: Numeracy

Cooperative Learning Activity

1. Form pairs.

2. You are going to look at the following two videos on credit. They have numerous terms and connections. As a pair, you are going to mindmap these videos into one big mindmap.

To learn how to create a sophicated mindmap, click here. The process of creating a mindmap will help you learn the different terms easily.

3. Here are the videos to look at and analyse:

What is Credit? | Overview, How it Works, and Credit Risks
https://youtu.be/9etpM6UpnlE