Code: 2.3

Managing payments and finances through digital means

To safely make digital payments and use online financial services. To use digital technologies to keep track of and manage one’s personal budget.

Descriptors

What you learn at this level

K
Knowing that digital devices, including tablets, computers, smartphones, enable access to bank account and payment services anytime, anyplace
K
Knowing that services and goods can be paid for through digital devices (e.g. mobile phone, smartphone)
K
Knowing how digital wallet services work
K
Knowing the risk related to using digital financial services
K
Knowing the importance of safeguarding passwords, pin numbers, etc.
K
Knowing that systems for authenticating online payments (e.g. code via SMS) offer a higher level of security
K
Knowing that, in online payments, one should never give the four digit pincode of a debit/payment/credit card, as used for cash withdrawals or paying in offline shops
K
Knowing not to send e-commerce a scan of credit cards or bank cards
K
Knowing that the amount of the purchase can be taken from one’s account immediately at the time of purchase, even if delivery is later, unless otherwise indicated by the seller
K
Knowing that security software should be installed on devices to secure online payments

What you learn at this level

S
Being able to use access devices (e.g. authentication tools) and use digital financial services (e.g. banking, PayPal) safely
S
Being able to recognise phishing or pharming attacks on online banking
S
Being able to identify whether online payments are secure and encrypted by checking the address bar/URL for "https" instead of "http" and the closed padlock security sign
S
Being able to challenge a payment in case of fraudulent use of a payment/credit card online and obtain reimbursement
S
Being able to recognise whether a payment involves automatic repeat purchases of goods or automatic contract or subscription renewal

What you learn at this level

A
Critically evaluating different types of security measures used in digital transactions and attaching importance to security (e.g. keeping pin numbers, passwords safe)
A
Being aware of the benefits and risks of managing finances and financial transactions through digital means

Learning outcome types: K — What you need to know: theoretical understanding and factual information.; S — What you can do: practical and technical abilities.; A — How you approach things: values, dispositions and behaviours.