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ICT in Banking Banks have been around for hundreds of years, but it is only recently (in the 1950's) that computers have begun to change the ways that banks operate. Today all major high street banks, such as Abbey National, Barclays and HSBC, use ICT in a variety of ways, to help them compete with each other and make their businesses more successful. Banks store all their customers account details on computers. This allows them to easily find out account information on their customers, and make changes to their account balance easily, for things such as when money is put in and withdrawn from the bank. One of the oldest forms of transferring money from one account to another is by a cheque. A customer who holds a bank account can write out a cheque, telling their bank to pay the amount specified to the person specified. Each cheque has on...

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