True Or False
- The Barclaycard Bussiness contactless payment is already being used in London.True, because a few stores in London have been used Barclaycard business contactless payment system. More than 1000 other sites have signed up to use it. As it says in the second row of the second paragraph.
- Contactless payment systems carry a greater fraud risk that online shopping.False, because contactless payment systems and online shopping have the same level of the fraud risk.
- It seems likely that mobiles will be increasingly used for making payments.True, because the techies are betting on the mobile phone becoming the new wallet which as it can be used for making any payment such as online shopping mobile banking.
- Major retailers are worried about the competition from mobile-optimised
sites.False, because the major retailers have already secured domains that will allow them to launch mobile optimised sites.
Over To You
- Do you know of any other systems of contactless payment? Yes we do, such as click pay BCA.
- Do you think we will ever stop using cash? If so, when?Yes, in the longer term
- Do you think that contactless payment and other electronic forms of payment are more open to fraud than traditional forms of payments?In our opinion, depends on the system. If they have weak protection, encryption and security, it could be happen. So they should make a strong system and improve the system and protection. For example, we prefer to use online banking because it’s easy to use, fast, efficient, and can be use anywhere anytime.
- Do you know of any retailers that have registered for mobi. Internet
domains?No, we don’t know.
