Assessor Resource

FNSRTS401
Manage credit card services

Assessment tool

Version 1.0
Issue Date: May 2024


This unit describes the skills and knowledge required to maintain and provide credit card services.

It applies to individuals who use organisational skills and specialised knowledge to perform clerical services, maintain financial records and respond to a range of clients.

No licensing, legislative or certification requirements apply to this unit at the time of publication.

You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)



Evidence Required

List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Commence credit card application process

1.1 Provide client with information on credit cards, including their benefits, usage, terms and conditions, and explain benefits and uses of relevant cards to ensure appropriate match with their needs

1.2 Answer queries about terms, conditions and costs fully and clearly to ensure clients are appropriately informed

1.3 Gather information from client as required and use standard procedures to support application for credit card

2. Check and process credit card applications

2.1 Check information provided in accordance with standard procedures for authenticity, accuracy and completeness

2.2 Conduct credit scoring using standard systems and procedures to ascertain credit worthiness and determine client suitability for product

2.3 Complete and process application in accordance with standard procedures and notify client of approval or disapproval of their application

2.4 Use standard procedures to issue client with credit cards despatched to branch for collection by authorised person or cardholder, or sent by mail

3. Process card transaction

3.1 Consult or refer to other personnel to determine if further details are required

3.2 Process card transactions in accordance with organisational card security policy and procedures

3.3 Process complaints and enquiries in accordance with industry codes of conduct for captured and hot listed cards

4. Administer card database

4.1 Administer card database in accordance with organisational policy and procedures

4.2 Identify and process duplicate transactions and charge-backs according to organisational policy and procedures

4.3 Check card security procedures to ensure appropriate procedures are in place

Evidence of the ability to:

assist the client to make an application for a credit card

check and assess the application for credit worthiness and suitability

effectively administer and complete a credit card application or amendments to a credit card

process card transactions, and lost, stolen, found or hot listed cards in accordance with organisational procedures

refer to and update the card database as required.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

To complete the unit requirements safely and effectively, the individual must:

identify the key requirements of legislation and industry codes of practice relevant to managing credit card services

describe the key features of policies and procedures in regard to electronic banking, card services and security

identify and categorise the range of cards accepted and the operation of card databases

outline the key steps and reasons for client verification and security checking procedures.

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the financial retail services field of work and include access to:

common office equipment, technology, software and consumables

credit card database, system, equipment and data.

Assessors must satisfy NVR/AQTF assessor requirements.


Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assingnment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)


Assessment Tasks

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Commence credit card application process

1.1 Provide client with information on credit cards, including their benefits, usage, terms and conditions, and explain benefits and uses of relevant cards to ensure appropriate match with their needs

1.2 Answer queries about terms, conditions and costs fully and clearly to ensure clients are appropriately informed

1.3 Gather information from client as required and use standard procedures to support application for credit card

2. Check and process credit card applications

2.1 Check information provided in accordance with standard procedures for authenticity, accuracy and completeness

2.2 Conduct credit scoring using standard systems and procedures to ascertain credit worthiness and determine client suitability for product

2.3 Complete and process application in accordance with standard procedures and notify client of approval or disapproval of their application

2.4 Use standard procedures to issue client with credit cards despatched to branch for collection by authorised person or cardholder, or sent by mail

3. Process card transaction

3.1 Consult or refer to other personnel to determine if further details are required

3.2 Process card transactions in accordance with organisational card security policy and procedures

3.3 Process complaints and enquiries in accordance with industry codes of conduct for captured and hot listed cards

4. Administer card database

4.1 Administer card database in accordance with organisational policy and procedures

4.2 Identify and process duplicate transactions and charge-backs according to organisational policy and procedures

4.3 Check card security procedures to ensure appropriate procedures are in place

Evidence of the ability to:

assist the client to make an application for a credit card

check and assess the application for credit worthiness and suitability

effectively administer and complete a credit card application or amendments to a credit card

process card transactions, and lost, stolen, found or hot listed cards in accordance with organisational procedures

refer to and update the card database as required.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

To complete the unit requirements safely and effectively, the individual must:

identify the key requirements of legislation and industry codes of practice relevant to managing credit card services

describe the key features of policies and procedures in regard to electronic banking, card services and security

identify and categorise the range of cards accepted and the operation of card databases

outline the key steps and reasons for client verification and security checking procedures.

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the financial retail services field of work and include access to:

common office equipment, technology, software and consumables

credit card database, system, equipment and data.

Assessors must satisfy NVR/AQTF assessor requirements.

Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice Yes No Comments/feedback
Provide client with information on credit cards, including their benefits, usage, terms and conditions, and explain benefits and uses of relevant cards to ensure appropriate match with their needs 
Answer queries about terms, conditions and costs fully and clearly to ensure clients are appropriately informed 
Gather information from client as required and use standard procedures to support application for credit card 
Check information provided in accordance with standard procedures for authenticity, accuracy and completeness 
Conduct credit scoring using standard systems and procedures to ascertain credit worthiness and determine client suitability for product 
Complete and process application in accordance with standard procedures and notify client of approval or disapproval of their application 
Use standard procedures to issue client with credit cards despatched to branch for collection by authorised person or cardholder, or sent by mail 
Consult or refer to other personnel to determine if further details are required 
Process card transactions in accordance with organisational card security policy and procedures 
Process complaints and enquiries in accordance with industry codes of conduct for captured and hot listed cards 
Administer card database in accordance with organisational policy and procedures 
Identify and process duplicate transactions and charge-backs according to organisational policy and procedures 
Check card security procedures to ensure appropriate procedures are in place 

Forms

Assessment Cover Sheet

FNSRTS401 - Manage credit card services
Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

Feedback to student

 

 

 

 

 

 

 

 

Assessor name:

Signature:

Date:


Assessment Record Sheet

FNSRTS401 - Manage credit card services

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

Date: