Digital Literacy Course Assessment

Payment authentication is the process of confirming a cardholder’s card number or other personal data isn’t being used to make payments without their knowledge. Banks and card issuers, merchants, and payment processors typically use a combination of authentication factors, including any mix of the following:

● Something a person knows, e.g., login information or secret question answers
● Something a person has, e.g., a mobile phone or computer
● Something a person is, e.g., using biometric technology such as fingerprint scanning

In this case the responsibility lies with the Card Issuer

Satoshi Nakamoto is the pseudonym who penned the original Bitcoin whitepaper and is the identity credited with inventing Bitcoin itself.

A payment processor is a company that manages the credit card transaction process, acting as a kind of mediator between the bank and the merchant. Put simply, the payment processor communicates information from your customer’s card to your bank and the customer’s bank.

• Mobile Wallets e.g., Apple Pay, Google Pay, Samsung Pay – allow users to pay via smartphones using NFC technology
• Buy Now, Pay Later (BNPL) Services like Afterpay, Klarna, and Affirm allow consumers to split purchases into installment payments.
• CNP (Card-Not-Present) Acceptance allows card payments where the card-holder is not physically present

Dogecoin was inspired by the “Doge” meme, which features a Shiba Inu dog with comic sans captions like “such wow” and “very crypto”—making it one of the most lighthearted cryptocurrencies!

Mobile Banking

An electronic payment (e-payment), in short, can be simply defined as paying for goods or services on the internet. It includes all financial operations using electronic devices, such as computers, smartphones or tablets. E-payments come with various methods, like credit or debit card payments and Mobile

Digital banks often use fingerprint, facial recognition, or voice ID for faster and more secure access