MSR

Question 1

what does MSR means?-long term/how does it work.

Answer 1

Magnetic ink reader
-can read data from the magnetic strip which can found at the back of the card.

Question 2

the advantages of MSR

Answer 2

fast data entry compare to keyboard
-no typing-no security error
-wont be damage by water and robust if dropped
-easily updated

Question 3

the disadvantages of MSR

Answer 3

-cant be used at a distant
-the strips could be scratched- unreadable
-misplaced or lost

Question 4

MSR-used?

Answer 4

bank cards
hotel rooms/security
-gift cards(Vouchers)

Question 5

What is Chip and pin?

Answer 5

-are used in pos to make a secure payment by using a credits card.

Question 6

advantages of chip and pin?

Answer 6

-secure method of payment rather than swipe and contactless method
-less likely to be damage than magnetic swipe

Question 7

the disadvantages of chip and pin

Answer 7

-it could be read by someone or used of mirror.
-Fraudulent machines can copy card details.

Question 8

cc explanation

Answer 8

-are used by customers to pay for products at the
POS without the need to enter a PIN Number using RFID technology

Question 9

advantages of cc.

Answer 9

Quicker Transaction
meaning less time spent
at POS.
* Don’t have to use PIN
* Transaction data
(account details) is
encrypted.

Question 10

the disadvantages of cc.

Answer 10

Less secure than chip and
pin method.
* Anyone could use card
if lost.
* It is easer for thieves to
copy details of the card.
* Only small payments can
be made

Question 11

RFID-meaning?

Answer 11

-RFID reads information stored on tags (small silicon chip that can be placed
on a sticker) using radio waves.

Question 12

adv-RFID

Answer 12

Can read objects from a distance.
* Can read in bulk
* Very fast reading – quick response
* Allows read/write operations to
take place
* Can read biometric readings

Question 13

dis-RFID

Answer 13

Radio symbols can be
jammed or hacked.
* More expensive than a
barcode
* Tags could interfere
with each other.

Question 14

MICR-how does it work?/used?

Answer 14

-is able to read characters printed in a special ink
- process bank cheques

Question 15

MICR ADV

Answer 15

No need to manually
enter text – less chance
of human error.
* Characters can not be
altered.
* Characters can be read
even if they have been
written over.

Question 16

MICR-DISA

Answer 16

More expensive than
using a keyboard to
type manual data.
* Limited amount of
characters can be
read.

Question 17

OMR-how does it work? used?

Answer 17

-is able to read marks written in pen and pencil.
-multiples choice exams/lottery ticket/surveys

Question 18

adv of OMR?

Answer 18

Very fast method of
inputting data as no user
has to manually enter
results.
* More accurate than OCR
* Less chance of errors

Question 19

dis of OMR?

Answer 19

Forms have to be
completed correctly to
avoid manual checks which
would waste time.

Question 20

OCR?

Answer 20

scans text from hardcopies and converts it into an editable form which
can be used and edited in a range of software.

Question 21

adv of OCR?

Answer 21

Faster method of data
entry compared to
manually typing the
data.
* Less chance of errors.

Question 22

dis of OCR?

Answer 22

-less accurate than OMR.
-unable to read hand writing

Question 23

how does barcode scanner works?

Answer 23

-are used to scan bar codes which contains unique information about a product including price.

Question 24

adv of barcode scanner?

Answer 24

Far quicker and more
accurate than typing in
codes using a keypad.
* Stock database can
easily be updated with
new prices – barcodes
would not need to be
replaced.

Question 25

dis of barcode scanner?

Answer 25

Barcode could be
unreadable or
missing.
* Barcode could be
swapped.
* Can be an expensive
system.