hospitality technology quiz 8

Role and advantages

of electronic

payments

• • Role of e-payments = facilitate

  the completion of transactions

  using IT infrastructures and

  protocols

• • Transaction speed

• • Innovativeness

• • Ubiquity

• • Traceability

How can blockchain technology potentially disrupt segments within the hospitality industry?

• A) By increasing the number of intermediaries
  

• B) By making transactions more complex
  

• C) By allowing for direct transactions without intermediation
  

Which industry sectors within hospitality may be disrupted by the mass adoption of blockchain technology?

• C) Distribution of hotel, car rental, or airline ticket products
  

• B) Food and beverage
  

• A) Entertainment and tourism
  

• D) they also facilitate Peer to Peer commerce without intermediation

How does encryption affect the security of transactions conducted through mobile wallets?

• A) It doesn't have any impact on transaction security.
  

• B) It decreases the security of transactions.
  

• C) It significantly increases the security of stored data.
  

• D) It only affects the convenience of transactions.

  
  

How are mobile wallets used in conjunction with airline apps for boarding pass management?

• A) Mobile wallets replace airline apps for boarding pass management.
  

• B) Mobile wallets have no relation to boarding pass management.
  

• C) Mobile wallets store and secure electronic boarding passes from airline apps.
  

• D) Mobile wallets are used for in-flight entertainment.

  
  

Which of the following companies has shown intent to invest significantly in the development of e-payments?

• B) PayPal, Apple, and Amazon
  

• A) Small startups
  

• C) Local businesses
  

• D) Traditional banks

  
  

What impact has the integration of social media and mobile payments in China had on the industry?

• A) It has hindered the development of e-payments.
  

• B) It has led to the decline of Alipay and WeChat Pay.
  

• C) It has opened opportunities for more integration between social media and mobile commerce.
  

• D) It has reduced the use of mobile payments in China.

  
  

What is the primary goal of the innovations in payments mentioned in the excerpt?

• A) To increase the complexity of payment methods
  

• B) To reduce the value that consumers derive from their consumption
  

• C) To provide consumers with frictionless services and customize (split payments) to enhance the value they derive
  

• D) To limit the customization options for consumers

  
  

What is a key advantage of payment systems integrated within mobile devices, like Apple Pay?

• A) They require users to download additional apps.
  

• B) They are not built into the operating systems.
  

• C) Users need to learn how to use additional systems.
  

• D) Users do not need to download additional apps or learn additional systems. sometimes they issue credit lines to users.

  
  

What has enabled wearable devices to be used for payment purposes? popular in India and china

• A) Their reliance on being constantly connected to smartphones
  

• B) Their inability to work independently
  

• C) Their development and ability to work without a smartphone connection
  

• D) Their exclusive use in the United States