encrypts payment card transaction data and verifies that both parties in the transaction are genuine.

Related MCQs

• ……………….in the e-commerce may be a holder of a payment card such as credit card or debit card from an issuer
• credit card gives all the advantages of a normal credit card without worrying about the interest charges
• ……………….is a financial institution that establishes an account with a merchant and processes payment card authorization and payments
• To accept a credit card for payment, we have to open a account with our bank
• is a kind of payment card that transfers fund directly from the consumer’s bank account to the merchants account
• facilitates transactions between buyer and sellers by providing comprehensive information and ancillary services, without being involved in the actual exchange of goods and services between the parties.
• ………………site is created to fraudulently acquire sensitive information such as pass words and credit card details, by masquerading as a trustworthy person or business.
• ……………..is a card with a microchip that can be used instead of cash and coins for everything from vending machines to public transportation.
• The verification of credit card is done by using… with a communications link to the merchants acquiring bank
• is any transaction, involving the transfer or rights to use goods and services, which is initiated and or completed by using mobile access to computer mediated networks with the help of an electronic device.