The October 1, 2015, EMV Fraud Liability Shift:
a. Forced the adoption of e-Wallet technology by merchants
b. Increased the level of credit card fraud in the U.S.
c. Equipped many merchants with the technology to accept e-Wallet usage by prompting upgraded credit card readers
d. Made credit card fraud the sole responsibility of those who choose to use credit cards
e. Incentivized consumers to integrate e-Wallets in their purchasing patterns
Answer: c. Equipped many merchants with the technology to accept e-Wallet usage by prompting upgraded credit card readers
Which of the following about Bitcoin is false?
A. Bitcoin is a digital currency and a digital wallet stores the Bitcoin you own
B. Open sourced software called Blockchain is used to create the Bitcoin
C. People give up computer processing space to mine for Bitcoin
D. Bitcoin is currency that is legal in every country
E. Bitcoin is the first decentralized digital currency
Answer: D. Bitcoin is currency that is legal in every country
Which of the following about Blockchain is false?
A. Blockchain is created through several computers on a peer to peer network
B. Members of the network are anonymous individuals
C. Blockchain maintains a list of all transactions using User ID
D. Once a transaction Is recorded it can not be reversed
E. Blockchain has customer protection
Answer: E. Blockchain has customer protection
