This quiz assesses readiness for the EMV migration, focusing on the secure processing method of EMV chips, their benefits, and implementation specifics in credit card security. It is crucial for understanding fraud reduction and verification methods in the financial sector.
They're easier to use.
They're more secure.
They're faster to use.
They're less expensive.
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Yes.
No.
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Chip-and-PIN: Customer inputs a PIN to confirm a transaction.
Chip-and-Signature: Customer writes a signature to confirm a purchase.
Offline Chip-and-PIN: Customer inputs a PIN while the terminal isn’t directly connected to a connection.
All of these.
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The credit-card holder whose name is on the card.
The party with the most-secure means of accepting payment.
The party with the least-secure means of accepting payment.
The federal government.
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October 1, 2015
October 31, 2015
January 1, 2016
April 1, 2016
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Electronic Money Valuation
Europay, MasterCard and Visa
European Migration Venture
Eat More Veggies
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Physically tap the card to the payment machine.
Insert the card, then pull it out quickly.
Keep the card inserted until the transaction is complete.
Insert your personal identification number.
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Chip-and-PIN: Customer inputs a PIN to confirm a transaction.
Chip-and-Signature: Customer writes a signature to confirm a purchase.
Offline Chip-and-PIN: Customer inputs a PIN while the terminal isn’t directly connected to a connection.
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Contact transactions and clear transactions.
Concealed transactions and clean transactions.
Closed transactions and open transactions.
Contact transactions and contactless transactions.
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Yes.
No.
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27%
51%
72%
98%
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Credit Card Companies (Visa, MasterCard, etc.)
The Federal Government
State Governments
Banks
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As little as 2 weeks.
As long as 8 months.
Both are correct.
Neither.
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2
3
4
5
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Quiz Review Timeline (Updated): Mar 17, 2023 +
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