Bennet National Banks credit-card department issues a special credit card that permits credit-card holders to withdraw funds
Question:
1. The correct password must be keyed into the teller keyboard before the cash withdrawal is processed.
2. The credit card must be one issued by Bennet National Bank. For this purpose, a special bank code has been encoded as part of the magnetic strip information.
3. The credit card must be current. If the expiration date on the card has already passed at the time the card is used, the card is rejected.
4. The credit card must not be a stolen one. The bank keeps a computerized list of these stolen cards and requires that this list be checked electronically before the withdrawal transaction can proceed.
5. For the purposes of making withdrawals, each credit card can only be used twice on any given day. This restriction is intended to hold no matter what branch bank(s) are visited by the customers.
6. The amount of the withdrawal must not exceed the customer’s account balance.
Requirements
1. What information must be encoded on the magnetic-card strip on each Bennet National Bank credit card to permit the computerized testing of these policy restrictions?
2. What tests of these restrictions could be performed at the teller window by a smart terminal and what tests would have to be performed by the bank’s central processing unit and other equipment?
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Related Book For
Core Concepts Of Accounting Information Systems
ISBN: 9780470507025
11th Edition
Authors: Nancy A. Bagranoff, Mark G. Simkin, Carolyn Strand Norman
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