E-payment

Question 1

Critical factors that determine whether a particular method of e-payment achieves critical mass (9)

Answer 1

• independence
• portability
• security
• anonymity
• divisibility
• ease of use
• transaction fee
• international rules
  regulations

Question 2

Payment card

Answer 2

Contains information that can be used for payment purposes

Question 3

Processing cards online

Answer 3

Authorization (medges ej/godkänt)

Settlement (Transferring money from the buyer’s bank)

Question 4

Three basic configurations for processing online payments

Answer 4

• Own payment software
• POS (point of sale system) operated by acquire
• PSP (payment service provider) a third-party service

Question 5

2 ways to avoid fraud online

Answer 5

• AVS(adress verification)
• Manual review
  (CVN kod på baksidan, svartlistor osv)

Question 6

Smart card

Answer 6

An electronic card containing an embedded microchip that enabled predefined operations

Question 7

Two types of smart card

Answer 7

Contact / contactless

Question 8

Stored value cards

Answer 8

A card that has monetary value loaded onto it and that is usally rechargeable (classic loop- one time) Open loop- många olika återförsäljare

Question 9

Micropayment

Answer 9

Small payments online, typically under 10§

Question 10

E-check

Answer 10

online version

Question 11

benefits of e-checking

Answer 11

Reduce merchants’ administrative costs, speed checkout