PayPal Certified Developer Program - 2008 Guide d'installation télécharger pdf (Page 143)

PayPal Certified Developer Program Study Guide March 2008 143

Answers to Review Questions

Chapter 1

1. Indicate if each statement is True (T) or False (F).

T The most critical step in establishing an online store is ensuring that you can accept

customer payments for single or repeated transactions.

F Correct answer: According to Cybersource Corp., businesses lost nearly $2.8 billion

USD to online fraud in 2005, up from $2.8 billion USD in 2004.

T The payment processing network connects buyers, sellers, and banks to enable the

secure and reliable execution of online transactions.

T By providing affordable payment connections among merchants, customers, and

financial networks, PayPal’s solutions take advantage of the latest technical

resources to streamline transactions, while helping to prevent fraud.

2. Match each participant in the payment processing network to the role they perform.

Response Participant Role Performed

3 Merchant 1. The holder of the payment instrument.

1 Customer 2. A financial institution that provides credit card

services in concert with credit card associations such

as Visa and MasterCard.

6 Customer Issuing Bank 3. Someone who sells goods or services.

5 Acquiring Bank 4. A large data center that processes credit card

transactions and settles funds for merchants.

2 Credit Card Association 5. An institution that provides merchant accounts

required to enable online card authorization and

payment processing.

4 Processor 6. The institution providing the customer’s credit card.

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PayPal Certified Developer Program - 2008 Guide d'installation Page 143