Question 1

Small online payments,typically under $10,are referred to as ________.

Accepted Answer

A)  e-micropayments 
B)  e-minipayments 
C)  automated payments 
D)  contactless payments 
A)  e-micropayments 
B)  e-minipayments 
C)  automated payments 
D)  contactless payments A

Question 2

A special system that handles file management,security,input/output,and command execution and provides an application programming interface for a smart card best defines

Accepted Answer

A)  networking operating system. 
B)  mobile operating system. 
C)  smart card operating system. 
D)  BIOS. 
A)  networking operating system. 
B)  mobile operating system. 
C)  smart card operating system. 
D)  BIOS. C

Question 3

The process of determining whether a card is active and whether the customer has sufficient funds for the purchase is called

Accepted Answer

A)  settlement. 
B)  approval. 
C)  authorization. 
D)  procurement. 
A)  settlement. 
B)  approval. 
C)  authorization. 
D)  procurement. C

Question 4

Cash Concentration or Disbursement (CCD)is a type of ACH entry for B2B transactions.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following activates and reads the contents of the chip on a smart card,usually passing the information on to a host system?

Accepted Answer

A)  cloud reader 
B)  transmit reader 
C)  smart card reader 
D)  cube reader 
A)  cloud reader 
B)  transmit reader 
C)  smart card reader 
D)  cube reader

Question 6

Mobile proximity payments involve a special mobile phone equipped with an integrated chip or smart card,a specialized reader that recognizes the chip when the chip comes within a short distance of the reader,and a network for handling the payment.

Accepted Answer

A) True 
 B)False

Question 7

Recent surveys by CyberSource indicate that fraudulent card transactions are a growing problem for online merchants in spite of their increasing efforts to combat fraud despite improved anti-fraud measures.

Accepted Answer

A) True 
 B)False

Question 8

A ________ is a card that has monetary value loaded onto it and is usually rechargeable.

Accepted Answer

A)  contact card 
B)  contactless card 
C)  stored-value card 
D)  closed loop card 
A)  contact card 
B)  contactless card 
C)  stored-value card 
D)  closed loop card

Question 9

Single-purpose cards issued by a specific merchant or merchant group that can only be used to make purchases from that merchant or merchant group best describes

Accepted Answer

A)  location-based cards. 
B)  dedicated cards. 
C)  open-loop cards. 
D)  closed-loop cards. 
A)  location-based cards. 
B)  dedicated cards. 
C)  open-loop cards. 
D)  closed-loop cards.

Question 10

EIPP models include each of the following except

Accepted Answer

A)  consolidator. 
B)  seller direct. 
C)  buyer direct. 
D)  intermediate. 
A)  consolidator. 
B)  seller direct. 
C)  buyer direct. 
D)  intermediate.

Question 11

Mobile payment refers to payment transactions initiated or confirmed using a person's desktop computer.

Accepted Answer

A) True 
 B)False

Question 12

If someone steals a smart card,the thief is usually out of luck,with the major exception of ________ used for retail purchases.

Accepted Answer

A)  contact cards 
B)  contactless cards 
C)  EPROM cards 
D)  EEPROM cards 
A)  contact cards 
B)  contactless cards 
C)  EPROM cards 
D)  EEPROM cards

Question 13

Among the forms of online B2B payments,the use of ________ is second only to ACH in terms of frequency of use.

Accepted Answer

A)  letters of credit 
B)  purchasing cards 
C)  Fedwire, or wire transfer 
D)  EDI 
A)  letters of credit 
B)  purchasing cards 
C)  Fedwire, or wire transfer 
D)  EDI

Question 14

________ offer Internet Merchant Accounts,which are special accounts for credit card authorization and payment processing.

Accepted Answer

A)  Acquiring banks 
B)  Issuing banks 
C)  Credit card associations 
D)  Payment processing services 
A)  Acquiring banks 
B)  Issuing banks 
C)  Credit card associations 
D)  Payment processing services

Question 15

What costs do online merchants incur for fraudulent transactions?

Accepted Answer

In the online world,merchants are held l

Question 16

Thirty-eight percent of all merchants use negative lists,which are files that include a customer's information and the status of that customer.A customer's transaction is matched against these files and flagged if the customer is a known problem.

Accepted Answer

A) True 
 B)False

Question 17

Contact and proximity are two types of smart card readers.

Accepted Answer

A) True 
 B)False

Question 18

Which statement about the payment revolution is true?

Accepted Answer

A)  Cards and electronic payments are taking the place of cash and checks. 
B)  Debit card use has been declining since 2003. 
C)  Approximately 20 percent of recurring bills are paid electronically. 
D)  By 2015, the U.S. will be a cashless society. 
A)  Cards and electronic payments are taking the place of cash and checks. 
B)  Debit card use has been declining since 2003. 
C)  Approximately 20 percent of recurring bills are paid electronically. 
D)  By 2015, the U.S. will be a cashless society.

Question 19

Which of the following is a peer-to-peer encrypted digital currency created in 2009 by Satoshi Nakamoto?

Accepted Answer

A)  Bitcoin 
B)  PayPal 
C)  Kindle 
D)  DotCoin 
A)  Bitcoin 
B)  PayPal 
C)  Kindle 
D)  DotCoin

Question 20

To succeed,special e-payment methods,such as e-cash,have to maintain anonymity.

Accepted Answer

A) True 
 B)False

Small online payments,typically under $10,are referred to as ________.

A special system that handles file management,security,input/output,and command execution and provides an application programming interface for a smart card best defines

The process of determining whether a card is active and whether the customer has sufficient funds for the purchase is called

Cash Concentration or Disbursement (CCD)is a type of ACH entry for B2B transactions.

Which of the following activates and reads the contents of the chip on a smart card,usually passing the information on to a host system?

Mobile proximity payments involve a special mobile phone equipped with an integrated chip or smart card,a specialized reader that recognizes the chip when the chip comes within a short distance of the reader,and a network for handling the payment.

Recent surveys by CyberSource indicate that fraudulent card transactions are a growing problem for online merchants in spite of their increasing efforts to combat fraud despite improved anti-fraud measures.

A ________ is a card that has monetary value loaded onto it and is usually rechargeable.

Single-purpose cards issued by a specific merchant or merchant group that can only be used to make purchases from that merchant or merchant group best describes

EIPP models include each of the following except

Mobile payment refers to payment transactions initiated or confirmed using a person's desktop computer.

If someone steals a smart card,the thief is usually out of luck,with the major exception of ________ used for retail purchases.

Among the forms of online B2B payments,the use of ________ is second only to ACH in terms of frequency of use.

________ offer Internet Merchant Accounts,which are special accounts for credit card authorization and payment processing.

What costs do online merchants incur for fraudulent transactions?

Thirty-eight percent of all merchants use negative lists,which are files that include a customer's information and the status of that customer.A customer's transaction is matched against these files and flagged if the customer is a known problem.

Contact and proximity are two types of smart card readers.

Which statement about the payment revolution is true?

Which of the following is a peer-to-peer encrypted digital currency created in 2009 by Satoshi Nakamoto?

To succeed,special e-payment methods,such as e-cash,have to maintain anonymity.

Overview of Electronic Commerce

E-Commerce: Mechanisms, Infrastructure, and Tools

Retailing in Electronic Commerce: Products and Services

B2B E-Commerce

Innovative EC Systems: From E-Government to E-Learning, collaborative Commerce, and C2C Commerce

Mobile Commerce and Ubiquitous Computing

Social Commerce

Marketing and Advertising in E-Commerce

E-Commerce Security and Fraud Protection

Order Fulfillment Along the Supply Chain and Other Ec Support Services

EC Strategy, Globalization, and Smes

Implementing EC Systems: From Justification to Successful Performance

E-Commerce: Regulatory, Ethical, and Social Environments

Launching a Successful Online Business and EC Projects

Filters

Exam 10: Electronic Commerce Payment Systems

Small online payments,typically under $10,are referred to as ________.

A special system that handles file management,security,input/output,and command execution and provides an application programming interface for a smart card best defines

The process of determining whether a card is active and whether the customer has sufficient funds for the purchase is called

Cash Concentration or Disbursement (CCD)is a type of ACH entry for B2B transactions.

Which of the following activates and reads the contents of the chip on a smart card,usually passing the information on to a host system?

Mobile proximity payments involve a special mobile phone equipped with an integrated chip or smart card,a specialized reader that recognizes the chip when the chip comes within a short distance of the reader,and a network for handling the payment.

Recent surveys by CyberSource indicate that fraudulent card transactions are a growing problem for online merchants in spite of their increasing efforts to combat fraud despite improved anti-fraud measures.

A ________ is a card that has monetary value loaded onto it and is usually rechargeable.

Single-purpose cards issued by a specific merchant or merchant group that can only be used to make purchases from that merchant or merchant group best describes

EIPP models include each of the following except

Mobile payment refers to payment transactions initiated or confirmed using a person's desktop computer.

If someone steals a smart card,the thief is usually out of luck,with the major exception of ________ used for retail purchases.

Among the forms of online B2B payments,the use of ________ is second only to ACH in terms of frequency of use.

________ offer Internet Merchant Accounts,which are special accounts for credit card authorization and payment processing.

What costs do online merchants incur for fraudulent transactions?

Thirty-eight percent of all merchants use negative lists,which are files that include a customer's information and the status of that customer.A customer's transaction is matched against these files and flagged if the customer is a known problem.

Contact and proximity are two types of smart card readers.

Which statement about the payment revolution is true?

Which of the following is a peer-to-peer encrypted digital currency created in 2009 by Satoshi Nakamoto?

To succeed,special e-payment methods,such as e-cash,have to maintain anonymity.

Overview of Electronic Commerce

E-Commerce: Mechanisms, Infrastructure, and Tools

Retailing in Electronic Commerce: Products and Services

B2B E-Commerce

Innovative EC Systems: From E-Government to E-Learning, collaborative Commerce, and C2C Commerce

Mobile Commerce and Ubiquitous Computing

Social Commerce

Marketing and Advertising in E-Commerce

E-Commerce Security and Fraud Protection

Order Fulfillment Along the Supply Chain and Other Ec Support Services

EC Strategy, Globalization, and Smes

Implementing EC Systems: From Justification to Successful Performance

E-Commerce: Regulatory, Ethical, and Social Environments

Launching a Successful Online Business and EC Projects

Filters