MIS 441 Chapter 5 Quiz

The cost to merchants for accepting on line credit card transactions is approximately how much?

Between 3% and 5% per transaction plus an additional $0.20 to $0.30 per transaction as well as other set up fees

Which of the six dimensions of e-commerce security refers to the ability to identify the person or entity with whom you are dealing on the Internet?

Authenticity

True or False: Typically, the more security measures added to an e-commerce site, the faster and easier it becomes to use.

False

Why are consumers able to dispute on line credit card charges leaving the merchant without payment despite having shipped the merchandise?

On line merchants never see the actual credit card, do not take an impression nor collect a signature

What is the first step in developing an e-commerce security plan?

Perform a risk assessment

True or False: PayPal is the most popular alternative payment method in the United States

True

True or False: There is a finite number of Bitcoins that can be created

True

What is the most frequent cause of stolen credit cards and card information today?

The hacking and looting of corporate servers storing credit card information

Which of the six dimensions of e-commerce security is spoofing a threat to?

integrity and authenticity

All of the following are limitations of the existing online credit card payment system except

Cost to consumers