Question 1

Why is a credit card considered not to provide an instant transfer of value?

Accepted Answer

If a credit card is used for payment, th

Question 2

ECash was built on public key cryptography involving the use of a private key to sign messages and a public key to verify the signatures.

Accepted Answer

A) True 
 B)False

Question 3

Persons using EDI must be signatories to an EDI agreement and must have their information systems configured to be able to recognize and process the transactions.

Accepted Answer

A) True 
 B)False

Question 4

Electronic data interchange has no place in the payment area of ecommerce.

Accepted Answer

A) True 
 B)False

Question 5

_____ fraud occurs when thieves use hidden cameras to record victims' personal identification numbers (PINs) at automated teller machines (ATMs) and obtain copies of their debit cards.

Accepted Answer

A)  Skimming 
B)  Data mining 
C)  Security 
D)  Phishing 
E)  Sniffing 
A)  Skimming 
B)  Data mining 
C)  Security 
D)  Phishing 
E)  Sniffing

Question 6

Provide an example of a credit card scam.

Accepted Answer

One scam is to sell goods in an online a

Question 7

What does RFID stand for?

Accepted Answer

Radio Freq

Question 8

Payment systems such as the Mondex electronic cash system need to overcome the following before being considered successful:

Accepted Answer

A)  security issues 
B)  infrastructure issues 
C)  consumer acceptance 
D)  business acceptance 
E)  all of the above 
A)  security issues 
B)  infrastructure issues 
C)  consumer acceptance 
D)  business acceptance 
E)  all of the above

Question 9

The PayPass program is very promising because:

Accepted Answer

A)  customers are issued a plastic key fob. 
B)  transmitter chips are cheap and mass-produced. 
C)  it is backed by MasterCard. 
D)  it was tested first in Canada. 
E)  it eliminates the need for credit cards. 
A)  customers are issued a plastic key fob. 
B)  transmitter chips are cheap and mass-produced. 
C)  it is backed by MasterCard. 
D)  it was tested first in Canada. 
E)  it eliminates the need for credit cards.

Question 10

The most widespread m-payment systems are wireless smart cards based on:

Accepted Answer

A)  RFID technology. 
B)  personal bank accounts. 
C)  PayPal. 
D)  credit cards. 
E)  ECash. 
A)  RFID technology. 
B)  personal bank accounts. 
C)  PayPal. 
D)  credit cards. 
E)  ECash.

Question 11

Electronic data interchange (EDI) has been used for many years. The internet has:

Accepted Answer

A)  wiped out the use of EDI. 
B)  increased the use of EDI. 
C)  provided alternatives to EDI. 
D)  reduced the security risks of EDI. 
E)  none of the above 
A)  wiped out the use of EDI. 
B)  increased the use of EDI. 
C)  provided alternatives to EDI. 
D)  reduced the security risks of EDI. 
E)  none of the above

Question 12

PayPal is a type of:

Accepted Answer

A)  online payment system. 
B)  mobile payment system. 
C)  radio frequency identification. 
D)  eBay competitor. 
E)  none of the above. 
A)  online payment system. 
B)  mobile payment system. 
C)  radio frequency identification. 
D)  eBay competitor. 
E)  none of the above.

Question 13

The following is a true statement about payment systems and security:

Accepted Answer

A)  Payment and security issues are primarily unrelated. 
B)  Payment and security issues are closely related. 
C)  Payments cannot occur without security. 
D)  Payment is always secure if made by credit card. 
E)  Security cannot protect credit cards. 
A)  Payment and security issues are primarily unrelated. 
B)  Payment and security issues are closely related. 
C)  Payments cannot occur without security. 
D)  Payment is always secure if made by credit card. 
E)  Security cannot protect credit cards.

Question 14

A relatively new addition to the online offering of banks is:

Accepted Answer

A)  online instant credit. 
B)  wireless smart cards. 
C)  epost 
D)  ECash 
E)  email money transfer. 
A)  online instant credit. 
B)  wireless smart cards. 
C)  epost 
D)  ECash 
E)  email money transfer.

Question 15

Explain how smart cards work.

Accepted Answer

Smart cards contain chips with

Question 16

The most successful and innovative alternative online payment system developed so far is PayPal.

Accepted Answer

A) True 
 B)False

Question 17

The internet has primarily:

Accepted Answer

A)  removed the usefulness of EDI. 
B)  added numerous options for networking. 
C)  created multiple secure payment mechanisms. 
D)  reduced the usefulness of credit cards. 
E)  caused banks to disconnect their networks. 
A)  removed the usefulness of EDI. 
B)  added numerous options for networking. 
C)  created multiple secure payment mechanisms. 
D)  reduced the usefulness of credit cards. 
E)  caused banks to disconnect their networks.

Question 18

Why is PayPal considered to be an email payment system?

Accepted Answer

Because payments through PayPa

Question 19

_____ is a security tool that protects credit cards.

Accepted Answer

A)  Encryption 
B)  Authentication 
C)  Non-repudiation 
D)  A password 
E)  none of the above 
A)  Encryption 
B)  Authentication 
C)  Non-repudiation 
D)  A password 
E)  none of the above

Question 20

Mobile phones are still not a viable payment alternative for general usage because:

Accepted Answer

A)  the use of 900 numbers in a payment system is controversial. 
B)  consumers receive numerous ebills from multiple sites. 
C)  mobile operators do not have the necessary billing information for customers. 
D)  there are still no standards. 
E)  consumers need additional devices. 
A)  the use of 900 numbers in a payment system is controversial. 
B)  consumers receive numerous ebills from multiple sites. 
C)  mobile operators do not have the necessary billing information for customers. 
D)  there are still no standards. 
E)  consumers need additional devices.

Why is a credit card considered not to provide an instant transfer of value?

ECash was built on public key cryptography involving the use of a private key to sign messages and a public key to verify the signatures.

Persons using EDI must be signatories to an EDI agreement and must have their information systems configured to be able to recognize and process the transactions.

Electronic data interchange has no place in the payment area of ecommerce.

_____ fraud occurs when thieves use hidden cameras to record victims' personal identification numbers (PINs) at automated teller machines (ATMs) and obtain copies of their debit cards.

Provide an example of a credit card scam.

What does RFID stand for?

Payment systems such as the Mondex electronic cash system need to overcome the following before being considered successful:

The PayPass program is very promising because:

The most widespread m-payment systems are wireless smart cards based on:

Electronic data interchange (EDI) has been used for many years. The internet has:

PayPal is a type of:

The following is a true statement about payment systems and security:

A relatively new addition to the online offering of banks is:

Explain how smart cards work.

The most successful and innovative alternative online payment system developed so far is PayPal.

The internet has primarily:

Why is PayPal considered to be an email payment system?

_____ is a security tool that protects credit cards.

Mobile phones are still not a viable payment alternative for general usage because:

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

Why is a credit card considered not to provide an instant transfer of value?

ECash was built on public key cryptography involving the use of a private key to sign messages and a public key to verify the signatures.

Persons using EDI must be signatories to an EDI agreement and must have their information systems configured to be able to recognize and process the transactions.

Electronic data interchange has no place in the payment area of ecommerce.

_____ fraud occurs when thieves use hidden cameras to record victims' personal identification numbers (PINs) at automated teller machines (ATMs) and obtain copies of their debit cards.

Provide an example of a credit card scam.

What does RFID stand for?

Payment systems such as the Mondex electronic cash system need to overcome the following before being considered successful:

The PayPass program is very promising because:

The most widespread m-payment systems are wireless smart cards based on:

Electronic data interchange (EDI) has been used for many years. The internet has:

PayPal is a type of:

The following is a true statement about payment systems and security:

A relatively new addition to the online offering of banks is:

Explain how smart cards work.

The most successful and innovative alternative online payment system developed so far is PayPal.

The internet has primarily:

Why is PayPal considered to be an email payment system?

_____ is a security tool that protects credit cards.

Mobile phones are still not a viable payment alternative for general usage because:

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