The overwhelming majority of B2C purchases are paid for by smart cards.
FALSE
Contact and proximity are two types of smart card readers.
TRUE
The success of an e-payment method depends on its interoperability with existing
enterprise systems and applications.
TRUE
Recent surveys by CyberSource indicate that fraudulent card transactions are a growing
problem for online merchants in spite of their increasing efforts to combat fraud despite
improved anti-fraud measures.
TRUE
Over 80 percent of all merchants use the manual review method, which relies on staff to
manually review suspicious orders.
FALSE
The Purchase Order Processing NACHA system does not require specialized readers for
each checkout counter.
FALSE
E-payment systems that require the payer to install specialized security software have
proven more likely to succeed.
FALSE
Mobile proximity payments involve a special mobile phone equipped with an integrated
chip or smart card, a specialized reader that recognizes the chip when the chip comes
within a short distance of the reader, and a network for handling the payment.