RA 8484 Access Devices Registration 2024 Flashcards
sec. 3, 9, & 12
What does the term “Access Device” encompass under this Act?
a) Electronic serial number
b) Personal identification number
c) Card
d) All of the above
Answer: d) All of the above
How is a “Counterfeit Access Device” defined under this Act?
a) Any device used for counterfeit purposes
b) Any altered or forged access device
c) Any device with a personal identification number
d) Any telecommunications service
Answer: b) Any altered or forged access device
What does the term “Unauthorized Access Device” refer to?
a) Access device obtained with intent to defraud
b) Lost access device
c) Expired access device
d) All of the above
Answer: d) All of the above
When is an “Access Device Fraudulently Applied for” considered to occur?
a) When applied for with a falsified document
b) When applied for with false information
c) When applied for with fictitious identities
d) All of the above
Answer: d) All of the above
What is the definition of a “Consumer” under this Act?
a) Business entity
b) Legal entity
c) Natural person
d) Government organization
Answer: c) Natural person
Which of the following falls under the definition of “Credit Card”?
a) Coupon book
b) Credit device
c) Plate
d) All of the above
Answer: d) All of the above
What does “Device Making or Altering Equipment” refer to in this Act?
a) Equipment for making coffee
b) Equipment for altering documents
c) Equipment for making or altering an access device
d) All of the above
Answer: c) Equipment for making or altering an access device
What does “Open-end-credit plan” mean in the context of this Act?
a) A plan for opening a business
b) A plan for extending consumer credit
c) A plan for closing accounts
d) A plan for consumer savings
Answer: b) A plan for extending consumer credit
What is the meaning of “Penalty Charges” under this Act?
a) Interest charges only
b) Amount imposed for non-payment within a prescribed period
c) Collection fees only
d) Finance charges
Answer: b) Amount imposed for non-payment within a prescribed period
What does the term “Produce” include in the context of this Act?
a) Consume
b) Assemble
c) Design
d) Authenticate
Answer: d) Authenticate
How is “Trafficking” defined under this Act?
a) Transferring or disposing of items without intent
b) Obtaining control of items with intent to keep
c) Transferring or disposing of items with intent to transfer or dispose of
d) All of the above
Answer: c) Transferring or disposing of items with intent to transfer or dispose of
Which of the following acts constitutes access device fraud under the Electronic Commerce Act?
a) Possessing a legitimate access device
b) Producing counterfeit access devices
c) Using an access device with proper authorization
d) Selling information about an access device
Answer: b) Producing counterfeit access devices
What is prohibited under the section related to “Multiple Imprinting on Transaction Records”?
a) Using an unauthorized access device
b) Trafficking in counterfeit access devices
c) Multiple imprinting on transaction records
d) Making alterations with access device holder’s authority
Answer: c) Multiple imprinting on more than one transaction record
Under the section related to “Obtaining Money through the Use of an Access Device,” what constitutes obtaining money with intent to defraud?
a) Legitimate transactions with proper authorization
b) Effecting transactions with access devices issued to another person
c) Inducing someone to produce counterfeit access devices
d) Disclosing information imprinted on the access device
Answer: b) Effecting transactions with access devices issued to another person
Which act is prohibited under the section related to “Writing False Approval Numbers on Sales Slips”?
a) Making alterations with the access device holder’s authority
b) Writing false approval numbers on sales slips
c) Disclosing information imprinted on the access device with authorization
d) Obtaining money through the use of an access device
Answer: b) Writing false approval numbers on sales slips
What is covered by the prohibition in the section related to “Presenting Evidence or Records of Transactions without Authorization”?
a) Using an unauthorized access device
b) Causing another person to solicit access devices
c) Making alterations to transaction records
d) Presenting evidence of transactions without authorization
Answer: d) Presenting evidence or records of transactions without authorization
Which of the following is an act declared unlawful under the section related to “Having Control of Device-Making or Altering Equipment Without Lawful Dealing”?
a) Possessing counterfeit access devices
b) Inducing another person to produce access devices
c) Making alterations to transaction records
d) Having control of device-making or altering equipment without lawful dealing
Answer: d) Having control of device-making or altering equipment without lawful dealing
What does the section related to “Soliciting a Person for the Purpose of Offering an Access Device” prohibit without the authorization of the access device issuer?
a) Obtaining money through unauthorized access devices
b) Soliciting persons to offer access devices
c) Making alterations to transaction records
d) Disclosing information imprinted on access devices
Answer: b) Soliciting a person for the purpose of offering an access device
Under the section related to “Having in One’s Possession an Access Device Without Authority,” what is prohibited without authority from the owner of the access device?
a) Disclosing information imprinted on the access device
b) Writing false approval numbers on sales slips
c) Possessing access device-making equipment
d) Making alterations to transaction records
Answer: c) Having in one’s possession an access device without authority from the owner
What is covered by the prohibition in the section related to “Possessing One or More Counterfeit Access Devices”?
a) Possessing counterfeit access devices
b) Using unauthorized access devices
c) Producing counterfeit access devices
d) Possessing device-making or altering equipment
Answer: a) Possessing one or more counterfeit access devices
What constitutes “Trafficking” under the Electronic Commerce Act?
a) Disclosing information imprinted on the access device
b) Possessing unauthorized access devices
c) Transferring or disposing of access devices with intent to transfer or dispose of
d) Making alterations to transaction records
Answer: c) Transferring or disposing of access devices with intent to transfer or dispose of
What are the key points under this law on Access Devices registration?
Republic Act No. 8484 Summary:
Key Points:
1. Date of Enactment: February 11, 1998
2. Title: AN ACT REGULATING THE ISSUANCE AND USE OF ACCESS DEVICES, PROHIBITING FRAUDULENT ACTS COMMITTED RELATIVE THERETO, PROVIDING PENALTIES AND FOR OTHER PURPOSES
- Objective: Regulating the issuance and use of access devices to prevent fraudulent acts associated with their use.
- Prohibitions: The law outlines specific prohibited acts related to access devices, including counterfeiting, unauthorized use, fraudulent applications, and more.
- Penalties: Prescribes penalties for individuals engaged in fraudulent activities involving access devices.
- Scope: Aims to create a legal framework for the proper issuance, use, and protection of access devices, such as credit cards, to ensure the integrity of electronic transactions.
Purpose:
The primary purpose of Republic Act No. 8484 is to establish regulations governing the issuance and utilization of access devices,
with a particular emphasis on preventing fraudulent activities.
By outlining prohibited acts and imposing penalties for violations, the law seeks to safeguard the integrity of electronic transactions, particularly those involving access devices like credit cards.
This legislation contributes to the overall security and reliability of electronic payment systems, protecting both consumers and financial institutions from fraudulent practices.
Multiple Choice Questions:
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What does the provision on ‘Frustrated and attempted access device fraud’ in RA 8484 primarily address?
- a) Definition of terms
- b) Prohibited acts
- c) Frustrated and attempted access device fraud
- d) Penalties for violations
Correct Answer: c) Frustrated and attempted access device fraud
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How does the provision classify the punishment for frustrated access device fraud?
- a) Same as consummated offenses
- b) One-third of the fine and imprisonment
- c) Two-thirds of the fine and imprisonment
- d) No punishment for frustrated attempts
Correct Answer: c) Two-thirds of the fine and imprisonment
-
When does a person face punishment under the provision for attempted access device fraud?
- a) Spontaneous desistance
- b) Accidental causes
- c) Willful withdrawal
- d) Overt acts without desistance
Correct Answer: b) Accidental causes
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What is the penalty for someone who commences the commission of unlawful acts but does not perform all acts due to accidental causes?
- a) Same as consummated offenses
- b) One-fourth of the fine and imprisonment
- c) One-half of the fine and imprisonment
- d) No penalty for attempted acts
Correct Answer: c) One-half of the fine and imprisonment
-
In the provision, what is the term used for a person’s own willful withdrawal from the commission of unlawful acts?
- a) Spontaneous desistance
- b) Accidental causes
- c) Overt acts
- d) Consummated offenses
Correct Answer: a) Spontaneous desistance
