Payment system

The ___________ days that are usually given as a period of grace for the client to renew the account

• 21

• 31

• 30

• 28

Tags

CCSS.RI.3.3

CCSS.RI.3.5

CCSS.RI.4.3

CCSS.RI.4.5

CCSS.RI.5.5

___________ payment methods are not supported on platform.( May contain multiple answers)

• Paypal

• WorldPay

• MoneyOrder

• Debit Card

• Western Union

What is e-payment?

• Electronic payment for buying and selling through the Internet

• Payment of online software

• Payment of online services

What are the main concerns about electronic payment?

• Privacy and security

• Privacy and charged fees

• Security and charged fees

Which of the following is not an example of mobile payment?

• NFC

• PaySafeCard

• PayGol

• Boku

Which one of the following is not a Digital Wallet?( May contain multiple answers)

• Google Wallet

• MFerio

• IGS Wallet

• Lemon Wallet

• All the above are correct

On the internet, acceptance of electronic cash has not been easy to achieve, except in the form of pre-paid money cards that can be loaded on the internet but are spent at offline retail sites.

• True

• False

Tags

CCSS.RI.4.7

CCSS.RI.5.7

CCSS.RL.3.7

CCSS.RL.4.7

CCSS.RL.5.7

Credit cards have been the main payment method used for online purchases.

• True

• False

Non-electronic payment systems have traditionally included the following

• credit cards, cash, and cheques

• cash, ewallet, and cheques

• Mondex, debit cards, and smart cards

What are the three main reasons for the failure of many new payment systems such as digital cheques?

• difficulty developing a system that is secure, convenient, and accepted by everyone

• difficulty developing a system that is worldwide, less costly, and long-lasting

• difficulty developing a system that is portable, standard, and transferable

• difficulty developing a system that is up to date, legal, and reliable