Securing Payments in the Digital World
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Questions and Answers

What was the main driver for the shift towards contactless payment methods during the pandemic?

  • Hygiene concerns (correct)
  • Development of mobile apps
  • Government regulations
  • Increase in online shopping

What is mobile commerce, also known as m-commerce?

  • Any transaction conducted using a tablet
  • Any transaction conducted using a landline phone
  • Any electronic transaction or information interaction conducted using a wireless, mobile device and mobile networks (correct)
  • Any transaction conducted using a desktop computer

Which of the following companies used an augmented reality feature in their mobile app?

  • Just Eat
  • Starbucks
  • Deliveroo
  • Sephora (correct)

What is the name of the mobile app used by Starbucks in China to take orders?

<p>Order and Pay (A)</p> Signup and view all the answers

Which of the following industries has NOT been mentioned as using mobile apps for business purposes?

<p>Travel industry (C)</p> Signup and view all the answers

What is the name of the Irish grocery company that uses mobile apps for business purposes?

<p>Buymie (D)</p> Signup and view all the answers

What is the primary function of PayPal?

<p>To act as a middleman between consumer and merchant for online transactions (D)</p> Signup and view all the answers

What technology enables Apple Pay transactions?

<p>Near-field communications (NFC) technology (D)</p> Signup and view all the answers

What is the primary characteristic of a cryptocurrency like Bitcoin?

<p>It is a non-banking currency powered by blockchain technology (B)</p> Signup and view all the answers

What is the main advantage of using PayPal for online transactions?

<p>It allows consumers to purchase goods securely online without revealing credit card details (B)</p> Signup and view all the answers

What is the term for digital payment services like Apple Pay, Google Pay, and Samsung Pay?

<p>The 'Pays' (C)</p> Signup and view all the answers

What is the primary purpose of a digital wallet like Apple Pay?

<p>To add all payment options in one place (D)</p> Signup and view all the answers

What is a potential drawback of digital payments?

<p>Discrimination against the underbanked population (B)</p> Signup and view all the answers

What is a recommended practice for ensuring online transaction security?

<p>Checking for the padlock icon in the browser's status bar (A)</p> Signup and view all the answers

What is a benefit of digital payments?

<p>Leading to a cashless society (C)</p> Signup and view all the answers

Why is it important to review monthly credit card and bank statements?

<p>To detect any erroneous or unauthorized transactions (B)</p> Signup and view all the answers

What is a characteristic of digital banking services?

<p>Allows for account opening online in minutes (D)</p> Signup and view all the answers

What is a privacy concern in online transactions?

<p>Providing Social Security numbers to unfamiliar entities (B)</p> Signup and view all the answers

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