EMV
originally stood for “Europay, Mastercard, and Visa”, the three companies that created the standard. EMV cards are smart cards, also called chip cards, integrated circuit cards, or IC cards which store their data on integrated circuit chips, in addition to magnetic stripes for backward compatibility.
When an organization uses EC internally to provide information and services to its employees it is known as?
For example, you might buy software from a company located 1,000 miles from you, but you would not buy firewood from someone at such a distance.
Business-to-employee
(B2E): In B2E, an organization uses EC internally to provide information and services to its employees.
What cards contain a chip that can store a large amount of information?
Regular Credit Cards
. The method that an IC card uses to store information is completely different from traditional credit cards. Traditional credit cards use magnetic tape to store information, but an IC card uses a powerful, large capacity embedded IC chip to store a large amount of information directly on the card.
When two companies fight over a domain name the company that has been in business the longest is automatically considered the owner of the domain True or false?
buy-side marketplace. When two companies fight over a domain name, the company that has been in business longer and has already purchased the domain name is considered the
owner
of the domain.
What type of electronic payment is typically favored in B2B?
Which Type of Electronic Payment Is Typically Favored in B2B?
Electronic checks
are the preferred payment method for most B2B businesses. This is due to the low cost of payment processing to the business and a guarantee that the payment won’t be canceled.
What comprises the vast majority of e-commerce by volume?
True or False:
B2C
comprises the vast majority of electronic commerce volume. Define mobile commerce. e-commerce that is all done in a wireless environment.
Which products are people most likely to be comfortable buying on the Internet?
Follow Us At: Which products are people most likely to be comfortable buying on the Internet? Explanation : The products that people are most likely to be more uncomfortable buying on the Internet are
Books, PCs and CDs
.
What is e business applications?
E-business applications are
web-based applications that can be implemented to perform tasks for businesses
. … Common e-business applications provide some way for a company to interact with consumers on the web or to perform tasks related to meeting consumer needs (such as online tracking of postal shipments).
What is a business that operates in a physical store without an Internet presence?
Types of Businesses:
Brick-and-mortar business
– a business that operates in a physical store without an internet presence.
Is where manufacturers or retailers sell directly to customers?
Table 7.1
E-Commerce Business Models
. Manufacturers or retailers sell directly to customers.
When organizations come to a company’s website for procurement such business is classified as?
When organizations come to a company’s Web site for procurement, such business is classified as a
(n): Sell-side marketplace
.
When ecommerce is done in a wireless environment this is called?
M-commerce (mobile commerce)
is the buying and selling of goods and services through wireless handheld devices such as smartphones and tablets. As a form of e-commerce, m-commerce enables users to access online shopping platforms without needing to use a desktop computer.
What electronic payments is ideal for micropayments?
Smart cards
are ideal for micropayments.
Which of the following is a type of electronic payment?
E-payment types include
ACH, wire and bank transfers, cards, digital wallets, mobile pay
and more.
What are the key features of B2B payment system?
Characteristics of a B2B Payment system
Offers
a certain level of guarantee to buyers that goods will meet quality specifications
and these will be delivered (escrow-type service) Allows sellers to perform business transactions with unknown entities without fear of fraud.
What are the several factors that led to the emergence of e commerce in the market?
- Localisation of Internet content. …
- Growth in cities beyond metros. …
- Growth of mobile commerce. …
- Growing usage of debit cards for cashless transaction. …
- Growing investment in logistics and warehouses.
