In 2015, online bill payment accounted for ________ of all bill payments, while paper checks accounted for ________.

A) less than 10%; less than 25%

B) about 25%; about 10%

C) more than 50%; less than 20%

D) 100%; 0%

Answer: C) more than 50%; less than 20%

Which of the following is a set of short-range wireless technologies used to share information among devices within about two inches of each other?

A) DES

B) NFC

C) IM

D) text messaging

Answer: B) NFC

Linden Dollars, created for use in Second Life, are an example of:

A) digital cash.

B) virtual currency.

C) EBPP.

D) peer-to-peer payment systems.

Answer: B) virtual currency

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

A) poor security.

B) cost to consumers.

C) cost to merchant.

D) social equity.

Answer: B) cost to consumers

Which of the following is not a major trend in e-commerce payments in 2016-2017?

A) Mobile retail payment volume decreases.

B) PayPal remains the most popular alternative payment method.

C) Google refocuses Google Wallet solely on sending and receiving money.

D) Payment by credit and/or debit card remains the dominant form of online payment.

Answer: A) Mobile retail payment volume decreases.

PCI-DSS is a standard established by which of the following?

A) the banking industry

B) the credit card industry

C) the federal government

D) the retail industry

Answer: B) the credit card industry