What is a major drawback of current magnetic card readers?
Safepay

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Science, Life Skills, Business, Social Studies
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11th Grade - University
•
Hard
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
They are incompatible with all mobile devices.
They require frequent software updates.
They store information in plain text, making them vulnerable.
They are too expensive to produce.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a significant challenge for retailers in adopting current secure payment solutions?
Complexity of the technology involved.
Limited availability of secure payment devices.
High implementation costs due to incompatibility with existing devices.
Lack of customer interest.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does Safepay prevent mass credit card fraud?
By encrypting data on the card itself.
By using a new card-shaped device that simulates a normal transaction.
By storing data in a secure cloud server.
By requiring a fingerprint scan for each transaction.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of the Safepay mobile application?
To update the Safepay device firmware.
To connect the Safepay device to the internet.
To generate and play a wav file for a one-time charge.
To download and store permanent credit card numbers.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the envisioned distribution method for the Safepay device?
Distributed freely by banks.
Provided as a subscription service.
Available for purchase online.
Sold in retail stores.
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