Chapter 10

The overwhelming majority of B2C purchases are paid for by smart cards.

FALSE

Contact and proximity are two types of smart card readers.

TRUE

The success of an e-payment  method depends on its interoperability with existing enterprise systems and applications.

TRUE

Recent surveys by CyberSource indicate that fraudulent card transactions are a growing problem for online merchants in spite of their increasing efforts to combat fraud despite improved anti-fraud measures.

TRUE

Over 80 percent of all merchants use the manual review method, which relies on staff to manually review suspicious orders.

FALSE


The Purchase Order Processing NACHA system does not require specialized readers for each checkout counter.

FALSE

E-payment systems that require the payer to install specialized security software have proven more likely to succeed.

FALSE

Mobile proximity payments involve a special mobile phone equipped with an integrated chip or smart card, a specialized reader that recognizes the chip when the chip comes within a short distance of the reader, and a network for handling the payment.

TRUE

E-payment methods that can address the lower or higher end of the price continuum are unlikely to be widely accepted because of cost and security issues.

FALSE