EC课本题库版ec08tifch12Word文件下载.docx

EC课本题库版ec08tifch12Word文件下载.docx

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3.

Tosucceed,speciale-paymentmethods,suchase-cash,havetomaintainanonymity.

MediumPageReference:

4.

E-paymentmethodsthatcanaddressthelowerorhigherendofthepricecontinuumisunlikelytobewidelyacceptedbecauseofcostandsecurityissues.

550

Reflectivethinking

5.

Creditcardsandchargecardsareepaymentinstrumentsthatallowtheholdertomakepurchasesuptoafixedlimitandchargesinteresteachmonthonunpaidbalances.

551

6.

Inthesettlementprocess,thesystemsmustdeterminewhetherabuyer'

scardisactiveandwhetherthecardholderhassufficientfundsavailableforthepurchase.

7.

Withadebitcard,themoneyforapurchaseditemcomesdirectlyoutoftheholder’scheckingaccountwiththeactualtransferoffundsfromtheholder’saccounttothemerchant’stakingplacewithinonetotwodays.

551

8.

Theprocessingofcardpaymentshastwomajorphases:

identificationandsettlement.

9.

Intheauthorizationprocess,thesystemsdetermineswhetherabuyer’scardisactiveandthecustomerhassufficientavailablecreditlineorfunds.

10.

Foragiventypeofpaymentcardandprocessingsystem,theprocessesandparticipantsareessentiallythesameforoff-line（cardpresent）andonline（cardnotpresent）purchases.

552

11.

CyberSourceandVeriSignarepaymentprocessingservicesthatprovideconnectivityamongmerchants,customers,andfinancialnetworksthatenableauthorizationandpayments.

12.

Intheonlineworld,merchantsarenotheldliableforfraudulenttransactions.

553

13.

RecentsurveysbyCyberSourceindicatethatfraudulentcardtransactionsareagrowingproblemforonlinemerchantsinspiteoftheirincreasingeffortstocombatfrauddespiteimprovedanti-fraudmeasures.

14.

Becauseoftheirvisibilityandlargesalesvolumes,largerfirmsweremoresusceptibletofraudthansmallerfirmswere.

15.

OneproblemwiththeAddressVerificationSystem（AVS）forfraudpreventionisthenumberoffalsepositives,meaningthatthemerchantrejectsavalidorder.Onereasonfortheserejectsissimplythatcardholdersmakemistakesininputtingtheiraddressesorzipcodes.

553

16.

Oneimpactofanti-fraudtoolsisthatmerchantsarerejectingasignificantnumberofbothvalidandinvalidordersduetosuspicionoffraud.

554

17.

Withvirtualcreditcards,theissuermustcreateanewcreditcardnumberforeverypurchase.

554

18.

Inmostcases,smartcardsaremoresecurethancreditcardsandcanbeextendedwithotherpaymentservices.Intheretailarena,manyoftheseservicesareaimedatthoseestablishmentswherepaymentsareusuallymadeincashandspeedandconvenienceareimportant.

558

19.

Stored-valuecardsarebeingmarketedheavilytothethosewhodonothavecreditcardsordonothavebankaccounts,specifically—peoplewithlowincomes,youngadults,seniors,immigrants,minorities,andothers.

563

20.

Regardlessofthevendor’spointofview,thereissubstantialevidence,atleastintheofflineworld,thatconsumersarenotwillingtousetheircreditordebitcardsformicropaymentsunder$5tominimizesecurityrisks.

565

21.

E-checksrelyoncurrentbusinessandbankingpracticesandcanbeusedbyanysizedbusinessthathasacheckingaccount,creditcard,anddebitcard.

567

22.

Fromtheperspectiveofthebillingfirm,twoadvantagesofe-billingarethereductioninexpensesrelatedtobillingandprocessingpaymentsandtheabilityforadvertisingcustomizedtoeachindividualcustomer.

572

23.

EIPPistheprocessbywhichcompaniespresentinvoicesandmakepaymentstooneanother.

574

24.

Withlettersofcredit,creditriskisreducedbecausepaymentisaccessedviathecreditworthinessoftheissuingbank.

576

25.

Researchshowsthatstateandlocalgovernmentsarelosingmorethan$100billionperyearinsalestaxrevenueonitemspurchasedovertheInternet.

577

MultipleChoiceQuestions

26.

Factorsthatcomeintoplayindeterminingwhetheraparticularmethodofe-paymentachievescriticalmassincludeallofthefollowingEXCEPT:

a.hardwareandsoftwareindependence.

b.fulltraceabilityofthebuyers.

c.thedegreeofsecurityofthetransfer.

d.interoperabilitywithotherenterprisesystemsandapplications

BDifficulty:

550

27.

Acardthatdrawsthepaymentamountdirectlyfromtheuser’scheckingaccountiscalleda（n）:

a.e-paymentcard.

b.creditcard.

c.chargecard

d.debitcard

DDifficulty:

551

28.

Apaymentcardthatprovidestheholderwithcredittomakepurchasesuptoalimitfixedbythecardcompanyandchargesrelativelyhighinterestratesonunpaidbalancesisthe:

a.creditcard.

b.e-paymentcard.

c.debitcard.

d.chargecard.

ADifficulty:

29.

Theprocessofdeterminingwhetheracardisactiveandwhetherthecustomerhassufficientfundsforthepurchaseiscalled:

a.approval.

b.settlement.

c.procurement.

d.authorization.

30.

Thetransferofmoneyfromthebuyer’stotheseller’saccountiscalled:

31.

______________offerInternetMerchantAccounts,whicharespecialaccountsforcreditcardauthorizationandpaymentprocessing.

a.Creditcardassociations

b.Issuingbanks

c.Paymentprocessingservices

d.Acquiringbanks

552

32.

________________arefinancialinstitutionsthatprovidesacustomerwithapaymentcard.

33.

________________provideconnectivityamongmerchants,customers,andfinancialnetworksenablingauthorizationandpaymentsiscalledthe:

CDifficulty:

34.

_____________aresmallonlinepaymentstypicallyunderUS$10:

a.E-cash

b.E-micropayments

c.E-smartpayments

d.E-minipayments

565

35.

Anadvantageofe-checksisthatthey:

a.involvecomplexinternalprocessingsystems.

b.operateoutsidethetraditionalbankingindustry.

c.containmuchmoreinformationthentraditionalpaperchecks.

d.fitcurrentbusinesspractices,andsorequirelittleprocessreengineering.

567

36.

Thenationwidebatch-orientedelectronicfundstransfersystemthatprovidesforinterbankclearingofelectronicpaymentsforparticipatingfinancialinstitutionsiscalledthe:

a.AutomatedClearinghouseNetwork.

b.FederalReserveSystem.

c.electronicbillpresentmentandpaymentnetwork.

d.ReceivingDepositoryFinancialInstitution

569

37.

EachofthefollowingarewaystopaybillsovertheInternetEXCEPT:

a.onlinebanking.

b.billerdirect.

c.customerserviceprovider.

d.billconsolidator.

570

38.

Fromtheperspectiveofthebillingfirm,allofthefollowingareadvantagesofe-billingEXCEPT:

a.opportunityfortargetedadvertising.

b.reducedprocessingexpense.

c.universalavailability.

d.improvedcusto