Modern Payment Methods

What is the term for wireless payment technology?

• Digital wallet

• Cryptocurrency transaction

• Contactless payment

• Mobile banking

Which of the following is a way to pay using your phone?

• Cash transactions

• Mobile payment apps

• Credit card swiping

• Bank wire transfers

What does 'behind the curve' mean?

• Staying ahead of current trends or developments.

• Not keeping up with current trends or developments.

• Following outdated practices and ideas.

• Being well-informed about past events.

What is the purpose of an antenna?

• To amplify sound signals.

• To store energy for devices.

• The purpose of an antenna is to transmit and receive radio waves.

• To filter out unwanted frequencies.

What does the term 'ether' refer to in electronic communication?

• A protocol for secure data transmission.

• A theoretical medium for electromagnetic wave propagation in electronic communication.

• A physical device for signal amplification.

• A type of software used for data encryption.

What does 'authenticate' mean in general?

• To confirm a person's age.

• To establish a password policy.

• To create a user profile.

• To verify the identity of a person or system.

What are some safeguards against fraud in tap-and-go technology?

• entering a pin after using the card a few times

• Using your fingerprint

• Having a limited amount per payment

• The bank covers you against fraud

What is fraud in the context of payments?

• Fraud in payments is a legitimate transaction process.

• Fraud in payments refers to the use of secure payment methods.

• Fraud in payments is the act of deceiving or manipulating to gain unauthorized access to funds or sensitive information.

• Fraud in payments is the act of providing accurate information to gain trust.

According to Alice what makes it hard for someone to steal your data during tap-and-go transactions?

• data encryption

• little time per transaction

• antenna power

What is a spending spree?

• A spending spree is a period of excessive or impulsive buying.

• A spending spree is a type of investment strategy.

• A spending spree refers to a period of saving money.

• A spending spree is when someone donates money to charity.