EC课本题库版ec08tifch12.docx

EC课本题库版ec08tifch12.docx

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EC课本题库版ec08tifch12

Chapter12

ElectronicPaymentSystems

True-FalseQuestions

1.

E-paymentsystemsthatrequirethepayertoinstallspecializedsecuritysoftwarehaveprovenmorelikelytosucceed.

Answer:

FalseDifficulty:

EasyPageReference:

550

AACSB:

Useofinformationtechnology

2.

Thesuccessofane-paymentmethoddependsonitsinteroperabilitywithexistingenterprisesystemsandapplications.

Answer:

TrueDifficulty:

EasyPageReference:

550

AACSB:

Useofinformationtechnology

3.

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

Answer:

TrueDifficulty:

MediumPageReference:

550

AACSB:

4.

E-paymentmethodsthatcanaddressthelowerorhigherendofthepricecontinuumisunlikelytobewidelyacceptedbecauseofcostandsecurityissues.

Answer:

FalseDifficulty:

MediumPageReference:

550

AACSB:

Reflectivethinking

5.

Creditcardsandchargecardsareepaymentinstrumentsthatallowtheholdertomakepurchasesuptoafixedlimitandchargesinteresteachmonthonunpaidbalances.

Answer:

FalseDifficulty:

MediumPageReference:

551

AACSB:

6.

Inthesettlementprocess,thesystemsmustdeterminewhetherabuyer'scardisactiveandwhetherthecardholderhassufficientfundsavailableforthepurchase.

Answer:

FalseDifficulty:

EasyPageReference:

551

AACSB:

Useofinformationtechnology

7.

Withadebitcard,themoneyforapurchaseditemcomesdirectlyoutoftheholder’scheckingaccountwiththeactualtransferoffundsfromtheholder’saccounttothemerchant’stakingplacewithinonetotwodays.

Answer:

TrueDifficulty:

EasyPageReference:

551

AACSB:

8.

Theprocessingofcardpaymentshastwomajorphases:

identificationandsettlement.

Answer:

FalseDifficulty:

MediumPageReference:

551

AACSB:

Useofinformationtechnology

9.

Intheauthorizationprocess,thesystemsdetermineswhetherabuyer’scardisactiveandthecustomerhassufficientavailablecreditlineorfunds.

Answer:

TrueDifficulty:

MediumPageReference:

551

AACSB:

10.

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

Answer:

TrueDifficulty:

MediumPageReference:

552

AACSB:

Useofinformationtechnology

11.

CyberSourceandVeriSignarepaymentprocessingservicesthatprovideconnectivityamongmerchants,customers,andfinancialnetworksthatenableauthorizationandpayments.

Answer:

TrueDifficulty:

MediumPageReference:

552

AACSB:

12.

Intheonlineworld,merchantsarenotheldliableforfraudulenttransactions.

Answer:

FalseDifficulty:

MediumPageReference:

553

AACSB:

13.

RecentsurveysbyCyberSourceindicatethatfraudulentcardtransactionsareagrowingproblemforonlinemerchantsinspiteoftheirincreasingeffortstocombatfrauddespiteimprovedanti-fraudmeasures.

Answer:

TrueDifficulty:

MediumPageReference:

553

AACSB:

14.

Becauseoftheirvisibilityandlargesalesvolumes,largerfirmsweremoresusceptibletofraudthansmallerfirmswere.

Answer:

FalseDifficulty:

MediumPageReference:

553

AACSB:

15.

OneproblemwiththeAddressVerificationSystem（AVS）forfraudpreventionisthenumberoffalsepositives,meaningthatthemerchantrejectsavalidorder.Onereasonfortheserejectsissimplythatcardholdersmakemistakesininputtingtheiraddressesorzipcodes.

Answer:

TrueDifficulty:

MediumPageReference:

553

AACSB:

Useofinformationtechnology

16.

Oneimpactofanti-fraudtoolsisthatmerchantsarerejectingasignificantnumberofbothvalidandinvalidordersduetosuspicionoffraud.

Answer:

TrueDifficulty:

MediumPageReference:

554

AACSB:

Useofinformationtechnology

17.

Withvirtualcreditcards,theissuermustcreateanewcreditcardnumberforeverypurchase.

Answer:

TrueDifficulty:

MediumPageReference:

554

AACSB:

Useofinformationtechnology

18.

Inmostcases,smartcardsaremoresecurethancreditcardsandcanbeextendedwithotherpaymentservices.Intheretailarena,manyoftheseservicesareaimedatthoseestablishmentswherepaymentsareusuallymadeincashandspeedandconvenienceareimportant.

Answer:

TrueDifficulty:

EasyPageReference:

558

AACSB:

Useofinformationtechnology

19.

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

Answer:

TrueDifficulty:

MediumPageReference:

563

AACSB:

Useofinformationtechnology

20.

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

Answer:

FalseDifficulty:

MediumPageReference:

565

AACSB:

Useofinformationtechnology

21.

E-checksrelyoncurrentbusinessandbankingpracticesandcanbeusedbyanysizedbusinessthathasacheckingaccount,creditcard,anddebitcard.

Answer:

FalseDifficulty:

MediumPageReference:

567

AACSB:

Useofinformationtechnology

22.

Fromtheperspectiveofthebillingfirm,twoadvantagesofe-billingarethereductioninexpensesrelatedtobillingandprocessingpaymentsandtheabilityforadvertisingcustomizedtoeachindividualcustomer.

Answer:

TrueDifficulty:

MediumPageReference:

572

AACSB:

Useofinformationtechnology

23.

EIPPistheprocessbywhichcompaniespresentinvoicesandmakepaymentstooneanother.

Answer:

TrueDifficulty:

MediumPageReference:

574

AACSB:

Useofinformationtechnology

24.

Withlettersofcredit,creditriskisreducedbecausepaymentisaccessedviathecreditworthinessoftheissuingbank.

Answer:

TrueDifficulty:

MediumPageReference:

576

AACSB:

Useofinformationtechnology

25.

Researchshowsthatstateandlocalgovernmentsarelosingmorethan$100billionperyearinsalestaxrevenueonitemspurchasedovertheInternet.

Answer:

FalseDifficulty:

MediumPageReference:

577

AACSB:

Useofinformationtechnology

MultipleChoiceQuestions

26.

Factorsthatcomeintoplayindeterminingwhetheraparticularmethodofe-paymentachievescriticalmassincludeallofthefollowingEXCEPT:

a.hardwareandsoftwareindependence.

b.fulltraceabilityofthebuyers.

c.thedegreeofsecurityofthetransfer.

d.interoperabilitywithotherenterprisesystemsandapplications

Answer:

BDifficulty:

MediumPageReference:

550

AACSB:

27.

Acardthatdrawsthepaymentamountdirectlyfromtheuser’scheckingaccountiscalleda（n）:

a.e-paymentcard.

b.creditcard.

c.chargecard

d.debitcard

Answer:

DDifficulty:

EasyPageReference:

551

AACSB:

28.

Apaymentcardthatprovidestheholderwithcredittomakepurchasesuptoalimitfixedbythecardcompanyandchargesrelativelyhighinterestratesonunpaidbalancesisthe:

a.creditcard.

b.e-paymentcard.

c.debitcard.

d.chargecard.

Answer:

ADifficulty:

MediumPageReference:

551

AACSB:

29.

Theprocessofdeterminingwhetheracardisactiveandwhetherthecustomerhassufficientfundsforthepurchaseiscalled:

a.approval.

b.settlement.

c.procurement.

d.authorization.

Answer:

DDifficulty:

MediumPageReference:

551

AACSB:

30.

Thetransferofmoneyfromthebuyer’stotheseller’saccountiscalled:

a.approval.

b.settlement.

c.procurement.

d.authorization.

Answer:

BDifficulty:

MediumPageReference:

551

AACSB:

31.

______________offerInternetMerchantAccounts,whicharespecialaccountsforcreditcardauthorizationandpaymentprocessing.

a.Creditcardassociations

b.Issuingbanks

c.Paymentprocessingservices

d.Acquiringbanks

Answer:

DDifficulty:

MediumPageReference:

552

AACSB:

32.

________________arefinancialinstitutionsthatprovidesacustomerwithapaymentcard.

a.Creditcardassociations

b.Issuingbanks

c.Paymentprocessingservices

d.Acquiringbanks

Answer:

BDifficulty:

MediumPageReference:

552

AACSB:

33.

________________provideconnectivityamongmerchants,customers,andfinancialnetworksenablingauthorizationandpaymentsiscalledthe:

a.Creditcardassociations

b.Issuingbanks

c.Paymentprocessingservices

d.Acquiringbanks

Answer:

CDifficulty:

MediumPageReference:

552

AACSB:

34.

_____________aresmallonlinepaymentstypicallyunderUS$10:

a.E-cash

b.E-micropayments

c.E-smartpayments

d.E-minipayments

Answer:

BDifficulty:

MediumPageReference:

565

AACSB:

35.

Anadvantageofe-checksisthatthey:

a.involvecomplexinternalprocessingsystems.

b.operateoutsidethetraditionalbankingindustry.

c.containmuchmoreinformationthentraditionalpaperchecks.

d.fitcurrentbusinesspractices,andsorequirelittleprocessreengineering.

Answer:

DDifficulty:

MediumPageReference:

567

AACSB:

36.

Thenationwidebatch-orientedelectronicfundstransfersystemthatprovidesforinterbankclearingofelectronicpaymentsforparticipatingfinancialinstitutionsiscalledthe:

a.AutomatedClearinghouseNetwork.

b.FederalReserveSystem.

c.electronicbillpresentmentandpaymentnetwork.

d.ReceivingDepositoryFinancialInstitution

Answer:

ADifficulty:

MediumPageReference:

569

AACSB:

37.

EachofthefollowingarewaystopaybillsovertheInternetEXCEPT:

a.onlinebanking.

b.billerdirect.

c.customerserviceprovider.

d.billconsolidator.

Answer:

CDifficulty:

MediumPageReference:

570

AACSB:

38.

Fromtheperspectiveofthebillingfirm,allofthefollowingareadvantagesofe-billingEXCEPT:

a.opportunityfortargetedadvertising.

b.reducedprocessingexpense.

c.universalavailability.

d.improvedcusto