In terms of the access coritrol mechanism used in an electronic funds transfer system, what function does

Question:

In terms of the access coritrol mechanism used in an electronic funds transfer system, what function does a plastic debit or credit card fulfil? Why should cards be issued only after a formal application has been received and approved?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Information Systems Control And Audit

ISBN: 9780139478703

1st Edition

Authors: Ron Weber

See More Books

Question Posted: May 16, 2024 02:02 AM

See More Questions

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
The new line character is utilized solely as the last person in each message. On association with the server, a client can possibly (I) question the situation with a client by sending the client's...
THIRD AVENUE SOFTWARE HEALTH-CARE APP PROJECT This case is new for the ninth edition of Information Technology Project Management . The case provides an opportunity to apply agile and Scrum...
The following question is designed to highlight key concepts from the Loyalty Programs topic article titled, "StarBUCKS, Loyalty, and Breakage" (Nevraumont 2019). Q. Author's position. "If you hire...
For the following events, specify whether they occur during mitosis, meiosis I, or meiosis II: A. Separation of conjoined chromatids within a pair of sister chromatids B. Pairing of homologous...
Explain the similarities and differences between mutual funds and hedge funds.
For each of these five separate cases, identify the basic control principle(s) that is violated. Recommend what the business should do for better control. 1. Chi Han records all incoming customer...
Razor Sharp Company purchased tool sharpening equipment on July 1, 2008, for $48,600. The equipment was expected to have a useful life of three years, and a residual value of $3,000. Instructions...
PROBLEM: Special Dates! The 21st century runs from January 1, 2001 to December 31, 2100. We can represent dates in the 21st century using the normal convention mm/ddlyy, where yy=00 corresponds to...
Why must basic inventory control procedures be used over the stock of plastic cards? If cards are produced by an outside vendor, what can auditors do to obtain some assurance about the reliability of...
Why are arbitrated digital signature schemes sometimes needed?
Micro Tek Inc. is considering an investment in new equipment that will be used to manufacture a smartphone. The phone is expected to generate additional annual sales of 4,000 units at $450 per unit....
Levels of Reflection Moon (2007) noted four levels of reflective writing. Level 1 is descriptive but contains little reflection. Level 2 is descriptive with some reflection but lacks depth. Level 3...
1. Different types of groups 2. Define small group communication 3. Why do we join groups? 4. Are you a member of any professional or social groups? Why did you join the group? 5. What would you...
Based on the case studies, which cover different companies across countries sustaining different issues and which collapsed at different times, and any other research/resources/similar case studies,...
what is meant by " taking alogical view of data" as it pertains to the relational database model?
Your fire department (or agency) is developing a working group to address concerns, develop strategies, and implement comprehensive solutions to improve the health and safety of all members. The...
A small water pump is used in an irrigation system. The pump takes water in from a river at 10oC, 100 kPa at a rate of 5 kg/s. The exit line enters a pipe that goes up to an elevation 20 m above the...
Using the parallel-axis theorem, determine the product of inertia of the area shown with respect to the centroidal x and y axes. 6 in. 9 in. 9 in- 4.5 in. in. 4.5 in.
What Is Beggar-Thy-Neighbor? Mess up everything is a term utilized for a bunch of strategies that a nation establishes to address its monetary burdens that, thusly, really deteriorate the financial...
Problem 4. (10 points) This question is related to oversmoothing in graph neural networks and their expressiveness. 1) (4 points) As we discussed in class, oversmoothing is a fundamental problem in...
Estimating Personal Income Tax Genetta is a 27-year-old working as a relief teacher with a gross income from employment of $68,000 for the 2020-2021 financial year. Genetta is a member of a teacher's...

In terms of the access coritrol mechanism used in an electronic funds transfer system, what function does

Question:

Step by Step Answer:

In an electronic funds transfer system a plastic debit or credit card serves several functions within the access control mechanism 1 Authentication Th...View the full answer

Information Systems Control And Audit

Students also viewed these Business questions