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OP_Chapter 9_Key Terms

AB
electronic funds transfer (EFT)Transferring funds via computer.
E-commerceThe environment in which commercial transactions are conducted over the internet
Electronic Data Interchange (EDI)Provides a standard exchange of business data from one computer to another.
Business to Business (B2B)Transactions that use private telecommunication networks.
(B2C)Business to Customer
spamUnwanted commercial email.
spam filtersSoftware designed to detect and reduce spam.
virus checkersAntivirul computer program that detects/eliminates viruses.
keyA password.
encryptionEncoding computer information beyond recognition.
web-bankingConducting bank transactions online.
Automated Teller Maching (ATM)A public electronic funds transfer maching for making deposits/withdrawals.
certified chequeguarantees payment to the payee by the drawee bank.
bank draftA cheque drawn by a bank on its own funds in another bank.
money orderUsed to send small amounts of money in the mail.
traveller's chequeA special cheque issued by a bank to a traveller.


Instructor
triOS College
Kitchener, ON

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