Payment Methods (Grade 10 NSC Matric Tourism): Flashcards
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Most widely used tourism payment method
Most widely used tourism payment method
Credit cards
ATM stands for
ATM stands for
Automatic Teller Machine
ATM availability advantage
ATM availability advantage
24/7 access (round-the-clock)
Debit cards use money from
Debit cards use money from
Money already in your bank account
EFT meaning
EFT meaning
Electronic Funds Transfer
Portable speed point benefit
Portable speed point benefit
Reduces card fraud/copying risk
Internet banking security needs
Internet banking security needs
PIN and passwords
Bank-guaranteed cheque advantage
Bank-guaranteed cheque advantage
Bank ensures money available before issuing
Bounced cheque meaning
Bounced cheque meaning
Payment fails - insufficient funds in account
Cell phone payment advantage for tourists
Cell phone payment advantage for tourists
Flexibility to pay on the move