Chapter 8.1, Problem 1VC

PayPal is quickly becoming one of the most popular methods of payment in E-commerce, and is available in many Caribbean countries. Although it is not a free service, it does offer full integration into most sites so that customers are sometimes not even aware that they are using PayPal to make the purchase. Use the Internet to obtain information about PayPal, and how it helps customers with making purchases online. Share your opinion on whether electronic money could be the money of the future. Conduct research using the Internet on electronic money, or e-money, and digital cash,  Argue for or against the usefulness of e-money and digital cash.

Which of the following methods is used by lenders as one of the multiple factors to authenticate identity for an electronic signature? GPS location BO Fingerprint verification Personal identification number O Automated underwriting system approval

Talk about some of the most important aspects of the electronic payment systems that are required to enable online and mobile shopping.

Credit reports always include which of the following information A) Borrower's former spouse's name B) Borrower's name and Social Security number C) The number of people in a borrower's household and their names D)Loan amounts and payment patterns up to a five-year history period

What is the main reason lenders pay borrowers' property taxes through a pre-paid escrow account? It prevents a tax lien from being applied to the home. The tax lien would be senior to the mortgage lien. It prevents the borrower from refinancing with another lender because they would lose all of their escrow funds. It allows the lender to earn interest on the pre- paid tax money as itsits in the account. It allows the lender to take advantage of corporate tax deductions.

Introduction of cashless payment methods to senior citizens to avoid cash in hand and being a target for robbery. Discuss and provide methods

what is objective of mobile banking services ?

1. A Correspondent bank is a bank that has formed a “partnership” with other banks in order to exchange checks and payments directly.  True  False 2. Article 4 of the Uniform Commercial Code covers three types of banks: depository banks, payor banks, and collecting banks.  True  False 3. The drawee bank is the one the payee deposits the check into.  True  False

In a subprime loan, interest rates are: equal to prime loan rates unrelated to a borrower's credit score higher than prime loan rates lower than prime loan rates