Questions: Question No. 1: Write down advantages anddisadvantages of “Virtual PI

Question

Questions:                                                                                                                                                                                                                                                                                                                                                                                                                                                                   

Question No. 1: Write down advantages anddisadvantages of “Virtual PIN PaymentSystem”.

Question No. 2: How stolen credit cards can beused for fraud in Virtual PIN Payment System?

Questions:                                                                                                                                                                                                                                                                                                                                                                                                                                                                   

Question No. 1: Write down advantages anddisadvantages of “Virtual PIN PaymentSystem”.

Question No. 2: How stolen credit cards can beused for fraud in Virtual PIN Payment System?

Explanation / Answer

Extremely long waiting period between when a sale is made andwhen payment is deposited in the merchant's account.

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