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Crossword: Digital Payment Systems

Across

1. A card that contains a magnetic stripe on the back used to store account information for swiping transactions.

2. A method of confirming a user's identity by sending a one-time code via text message.

3. A digital wallet that allows users to make transactions using their smartphones.

4. A password that is valid for only one login session or transaction, enhancing security.

5. The process of verifying the identity of a user or device.

6. A service that authorizes credit card or direct payments for online businesses.

7. A stripe on the back of a card that encodes data and is read by swiping the card through a reader.

8. Measures taken to reduce the risk of fraudulent activities in online transactions.

9. The process of encoding transaction data to protect it from unauthorized access during processing.

10. A security process that uses unique biological traits, such as fingerprints or facial recognition, for identity verification.

Down

11. An account that allows businesses to accept payments via credit or debit cards.

12. A device used by merchants to process transactions from contactless payment methods.

13. A payment system that allows individuals to transfer funds to one another using mobile apps or online platforms.

14. A payment card that can make transactions by simply tapping it near a payment terminal.

15. A mobile application that generates time-based or event-based codes for authentication.


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