Question 1

What are the disadvantages of using paper checks?

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Question 2

_____ is a general term that describes any value storage and exchange system created by a private entity that does not use paper documents or coins and that can serve as a substitute for government-issued physical currency.

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Question 3

A(n) _____, serving a function similar to a physical wallet, holds credit card numbers, electronic cash, owner identification, and other owner contact information.

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Question 4

What are the advantages and disadvantages of payment cards?

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Question 5

Google Wallet, which uses the _____ technology that MasterCard developed for its credit cards, is available for mobile devices.

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Question 6

When the e-mails used in a phishing expedition are carefully designed to target a particular person or organization, the exploit is called _____.

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Question 7

_____ are created when a hacker plants zombie programs on a large number of computers.

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Question 8

_____ can be accomplished by purchasing goods or services with ill-gotten electronic cash and selling them for physical cash on the open market.

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Question 9

Most stored-value cards incorporate__________ technology which allows for contactless data transmission over short distances so the computer processor in the microchip con interact with readers and other devices.

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Question 10

When a bank buys accounts from another bank, it performs a series of procedures called _____, which include checking the new customers' credit histories and banking records.

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Question 11

When the right to use a zombie farm is sold to an organized crime association that wants to launch a phishing attack, the attack is called a(n) _____.

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Question 12

Near field communication chips embedded in mobile phones are called Osaifu-Keitai in Japan, which translates approximately to _____.

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Question 13

A(n) _______ stored-value card, can store more than 100 times the amount of information that a magnetic strip plastic card can store.

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Question 14

In phishing, _____ use the collected information.

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Question 15

What is the difference between a credit card and a charge card?

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Question 16

_____ allows for contactless data transmission over short distances and can also be used if a smartphone is equipped with a chip similar to those that have been used on payment cards for a number of years.

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Question 17

Processing a payment card transaction online involves two general processes.Describe these processes.

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Question 18

In phishing, the collection of information is done by _____.

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Question 19

U.S.laws define _____, as unlawful activities conducted by a highly organized, disciplined association for profit.

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Question 20

Google Wallet, Microsoft Windows Live ID, and Yahoo! Wallet are examples of _____ digital wallets.

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Quiz 11: Payment Systems for Electronic Commerce