Exam 11: Payment Systems for Electronic Commerce

____________________ can be accomplished by purchasing goods or services with ill-gotten electronic cash.

____________________ is a technique used by criminals to convert money that they have obtained illegally into cash that they can spend without having it identified as the proceeds of an illegal activity.

Smart cards are safer than conventional credit cards because the information stored on a smart card can be ____________________.

____ is a technique for committing fraud against the customers of online businesses.

A card verification number (CVN)is a three- or four-digit number that is printed on the credit card, but is not encoded in the card's ____________________.

A(n)____ bank is a bank that does business with sellers that want to accept payment cards.

Visa and MasterCard, which do not issue cards directly to consumers, are ____________________ associations that are operated by the banks who are members in the associations.

A(n)____ a purchased card that contains a limited value and that can be used for making purchases from retailers.

____________________ cards give consumers a unique card number that is valid for one transaction only.

In the textbook, the term ____ refers to all payments of less than $10.

A two-part lock provides anonymous security but signals when someone is attempting to double spend cash.

ACH is short for ____.

____ is a criminal act in which the perpetrator gathers personal information about a victim and then uses that information to obtain credit.

Businesspeople often use the term ____________________ as a general term to describe all types of plastic cards that consumers use to make purchases.

Whenever additional parties are included in payment card transaction processing, the system is called a(n)____ system.

With a(n)____________________ card, a user can pay off the entire card balance or pay a minimum amount each billing period.

____ digital wallets remain on a server and thus require no download time or installation on a user's computer.

The largest dollar volume of payments today are made using ____.

For U.S.consumers, payment cards are advantageous because the Consumer Credit Protection Act limits the cardholder's liability to $____________________ if the card is used fraudulently.

Implemented with smart cards, TransLink is the first integrated ticketing system for public transportation in the ____________________.