Question 1

Payment processing on the internet reduces the costs associated with:

Accepted Answer

A)  online marketing. 
B)  mailing paper invoices. 
C)  website maintenance. 
D)  currency exchange. 
E)  clearing digital cheques. 
A)  online marketing. 
B)  mailing paper invoices. 
C)  website maintenance. 
D)  currency exchange. 
E)  clearing digital cheques. B

Question 2

An important characteristic of cash is ________.

Accepted Answer

A)  anonymity 
B)  acceptance 
C)  portability 
D)  Instant transfer of value 
E)  all of the above 
A)  anonymity 
B)  acceptance 
C)  portability 
D)  Instant transfer of value 
E)  all of the above E

Question 3

Registering credit card information in a personal profile that is kept in a secure area by a vendor means that:

Accepted Answer

A)  the customer needs to only log in once to that vendor. 
B)  risk of detection increases. 
C)  they are legally protected from fraud. 
D)  credit card information is only transmitted once per vendor. 
E)  personal information is encrypted with that vendor. 
A)  the customer needs to only log in once to that vendor. 
B)  risk of detection increases. 
C)  they are legally protected from fraud. 
D)  credit card information is only transmitted once per vendor. 
E)  personal information is encrypted with that vendor. D

Question 4

Credit card transactions costs are inexpensive.

Accepted Answer

A) True 
 B)False

Question 5

Radio Frequency Identification (RFID) technology uses electronic waves to transfer data between a reader and device and an item such as a smart card or mobile phone.

Accepted Answer

A) True 
 B)False

Question 6

The greatest factor contributing to the success of PayPal is its ________.

Accepted Answer

A)  portability 
B)  acceptance 
C)  relationship to eBay 
D)  anonymity 
E)  low cost 
A)  portability 
B)  acceptance 
C)  relationship to eBay 
D)  anonymity 
E)  low cost

Question 7

The Secure Electronic Transaction (SET) protocol aims to improve credit card security by:

Accepted Answer

A)  Monitoring transactions on the internet. 
B)  monitoring merchants' collection of data. 
C)  using encryption and authentication technology. 
D)  adding additional passwords to credit card transactions. 
E)  requiring merchants to enter a password prior to approval of transactions. 
A)  Monitoring transactions on the internet. 
B)  monitoring merchants' collection of data. 
C)  using encryption and authentication technology. 
D)  adding additional passwords to credit card transactions. 
E)  requiring merchants to enter a password prior to approval of transactions.

Question 8

M-payment stands for:

Accepted Answer

A)  money payment 
B)  multiple payment 
C)  mobile payment 
D)  micro payment 
E)  mini-payment 
A)  money payment 
B)  multiple payment 
C)  mobile payment 
D)  micro payment 
E)  mini-payment

Question 9

The following devices were predicted to be used for m-payments:

Accepted Answer

A)  watches, DVD players, and MP3s 
B)  notebooks, credit cards, and digicash 
C)  wireless smart cards, and mobile phones 
D)  e-wallets, debit cards, and digital cheques 
E)  email, e-wallets, and digital cheques 
A)  watches, DVD players, and MP3s 
B)  notebooks, credit cards, and digicash 
C)  wireless smart cards, and mobile phones 
D)  e-wallets, debit cards, and digital cheques 
E)  email, e-wallets, and digital cheques

Question 10

Email payment systems provide some security by using ________.

Accepted Answer

A)  private questions 
B)  passwords 
C)  Interac 
D)  direct account transfer 
E)  none of the above 
A)  private questions 
B)  passwords 
C)  Interac 
D)  direct account transfer 
E)  none of the above

Question 11

The Secure Electronic Transaction (SET) protocol uses the following to enable the cardholders and merchants to verify online parties' information:

Accepted Answer

A)  public/private key technology, encryption, and digital certificates 
B)  digital readers, online encoders, general key technology 
C)  radio wave technology, scanners and bar coding 
D)  electronic signatures, X-rays, finger printing technology 
E)  all of the above 
A)  public/private key technology, encryption, and digital certificates 
B)  digital readers, online encoders, general key technology 
C)  radio wave technology, scanners and bar coding 
D)  electronic signatures, X-rays, finger printing technology 
E)  all of the above

Question 12

One of the big problems with cheque imaging is:

Accepted Answer

A)  the legal system has not recognized it. 
B)  the signatures on the images are unclear. 
C)  they only apply to long-term, regular customers. 
D)  they don't contain the same information as paper cheques. 
E)  they require special scanners. 
A)  the legal system has not recognized it. 
B)  the signatures on the images are unclear. 
C)  they only apply to long-term, regular customers. 
D)  they don't contain the same information as paper cheques. 
E)  they require special scanners.

Question 13

What was the major reason for EDI to move from traditionally using value-added networks to using the web as a platform?

Accepted Answer

Affordability. EDI has been co

Question 14

The following is true of digital cheques for online transactions:

Accepted Answer

A)  It is easy to establish new forms of digital cheques. 
B)  Digital cheques are an excellent online payment form. 
C)  The acceptance of digital cheques is an issue for consumer support. 
D)  Security of digital cheques is not really a concern. 
E)  Banks have strong security digital cheques available to consumers. 
A)  It is easy to establish new forms of digital cheques. 
B)  Digital cheques are an excellent online payment form. 
C)  The acceptance of digital cheques is an issue for consumer support. 
D)  Security of digital cheques is not really a concern. 
E)  Banks have strong security digital cheques available to consumers.

Question 15

A good electronic payment system should have the same characteristics as traditional money.

Accepted Answer

A) True 
 B)False

Question 16

Wireless technologies and payment mechanisms:

Accepted Answer

A)  reduce the need for security and encryption. 
B)  easily build on internet security. 
C)  are being developed and show considerable promise. 
D)  will make traditional payment mechanisms quickly obsolete. 
E)  none of the above 
A)  reduce the need for security and encryption. 
B)  easily build on internet security. 
C)  are being developed and show considerable promise. 
D)  will make traditional payment mechanisms quickly obsolete. 
E)  none of the above

Question 17

SET Protocol is a short term for systems electrifying transmission.

Accepted Answer

A) True 
 B)False

Question 18

How does a Mondex card differ from eCash?

Accepted Answer

A Mondex card can be carried a

Question 19

Banking systems are attempting to consolidate bill presentment with their payment mechanisms.

Accepted Answer

A) True 
 B)False

Question 20

Cyberthieves target PayPal account holders through ________.

Accepted Answer

A)  phishing 
B)  sniffing 
C)  skimming 
D)  data mining 
E)  cookies 
A)  phishing 
B)  sniffing 
C)  skimming 
D)  data mining 
E)  cookies

Payment processing on the internet reduces the costs associated with:

An important characteristic of cash is ________.

Registering credit card information in a personal profile that is kept in a secure area by a vendor means that:

Credit card transactions costs are inexpensive.

Radio Frequency Identification (RFID) technology uses electronic waves to transfer data between a reader and device and an item such as a smart card or mobile phone.

The greatest factor contributing to the success of PayPal is its ________.

The Secure Electronic Transaction (SET) protocol aims to improve credit card security by:

M-payment stands for:

The following devices were predicted to be used for m-payments:

Email payment systems provide some security by using ________.

The Secure Electronic Transaction (SET) protocol uses the following to enable the cardholders and merchants to verify online parties' information:

One of the big problems with cheque imaging is:

What was the major reason for EDI to move from traditionally using value-added networks to using the web as a platform?

The following is true of digital cheques for online transactions:

A good electronic payment system should have the same characteristics as traditional money.

Wireless technologies and payment mechanisms:

SET Protocol is a short term for systems electrifying transmission.

How does a Mondex card differ from eCash?

Banking systems are attempting to consolidate bill presentment with their payment mechanisms.

Cyberthieves target PayPal account holders through ________.

Introduction to Ebusiness

Internet Business Models and Strategies

Evolution and Applications of the Internet

Enterprise-Wide and Inter-Enterprise Systems

Security and Controls

Supply-Chain Management

Eprocurement, Trading Exchanges, and Auctions

Customer Relationship Management

Business Intelligence

E-marketing and Advertising

Metrics for Performance Measurement in E-commerce

Privacy, Legal, and Taxation Issues in Ecommerce

Ecommerce and Small Business

Filters

Exam 6: Billing and Payment Systems

Payment processing on the internet reduces the costs associated with:

An important characteristic of cash is ________.

Registering credit card information in a personal profile that is kept in a secure area by a vendor means that:

Credit card transactions costs are inexpensive.

Radio Frequency Identification (RFID) technology uses electronic waves to transfer data between a reader and device and an item such as a smart card or mobile phone.

The greatest factor contributing to the success of PayPal is its ________.

The Secure Electronic Transaction (SET) protocol aims to improve credit card security by:

M-payment stands for:

The following devices were predicted to be used for m-payments:

Email payment systems provide some security by using ________.

The Secure Electronic Transaction (SET) protocol uses the following to enable the cardholders and merchants to verify online parties' information:

One of the big problems with cheque imaging is:

What was the major reason for EDI to move from traditionally using value-added networks to using the web as a platform?

The following is true of digital cheques for online transactions:

A good electronic payment system should have the same characteristics as traditional money.

Wireless technologies and payment mechanisms:

SET Protocol is a short term for systems electrifying transmission.

How does a Mondex card differ from eCash?

Banking systems are attempting to consolidate bill presentment with their payment mechanisms.

Cyberthieves target PayPal account holders through ________.

Introduction to Ebusiness

Internet Business Models and Strategies

Evolution and Applications of the Internet

Enterprise-Wide and Inter-Enterprise Systems

Security and Controls

Supply-Chain Management

Eprocurement, Trading Exchanges, and Auctions

Customer Relationship Management

Business Intelligence

E-marketing and Advertising

Metrics for Performance Measurement in E-commerce

Privacy, Legal, and Taxation Issues in Ecommerce

Ecommerce and Small Business

Filters