Question 1
1. Payment card service companiescharge merchants per-transaction fees and monthly processing fees
True
False
QUESTION 2
1. Electronic cashcan be traced back to the person who spent it.
True
False
QUESTION 3
pleaseput a 1 ,2, or 3 to tell what order theygo in….
1. Steps followedonce a merchant receives a consumer’s payment card information:
Merchant authenticates payment card
Merchant checks with payment cardissuer
Settlement of balance with theissuer
QUESTION 4
1. Which is not adisadvantages of electronic cash
A.
Noaudit trail
B.
Moneylaundering and fraud
C.
Transactionsare more efficient
D.
Susceptibleto forgery
QUESTION 5
1. Electronic Cashcan not serve as a substitute for government-issued physical currency.
True
False
QUESTION 6
1. Electronic Walletshold credit card numbers, electronic cash, owner identification, and contactinformation.
True
False
QUESTION 7
1. Match the term anddefinition
Card issuer pays the merchants that accept the carddirectly and does not use an intermediary
Involve three or more parties (e.g., systems using Visaor MasterCard)
A.
Open loop systems
B.
Closed loop systems
QUESTION 8
1. One advantage ofelectronic cash is that it costs less than processing credit card transactions.
True
False
