Quiz Complete, well Done!
What is a common issue with magnetic stripe cards?
Credit Card
Unlike
cards, magnetic stripe cards can be easily cloned due to their less secure technology.
Contactless Payment
Card Reader
Card skimming typically occurs at places like ATMs or
of sale terminals.
EMV
Fraud Prevention
Many bank cards offer a
feature that allows you to pay by tapping your card.
Magnetic stripe cards store data on a
strip that is read by a card reader.
Which of the following is a feature of contactless cards?
A
is typically required for transactions made with chip and pin cards to enhance security.
Debit Card
Virtual Card
When using a
card, the cardholder must enter a PIN to authorize the transaction.
Magnetic Stripe
Magstripe Card
PIN Capture
What is an advantage of using a credit card?
What is the lifespan of a chip and pin card compared to a magnetic stripe card?
