What is the most common method for banks to verify the authenticity of electronic transactions made through mobile devices?By confirming with the recipientThrough biometric verificationBy checking the device's IP addressBy sending a physical letter to the user

Nowadays instead of going to the bank physically to do bank-related activities such as depositing money, we can just use our smartphones to do these activities. For example, this morning I have used my smartphone to deposit R500 in my mother’s account. This is an example of ________. A. M-commerce B. Digital payments C. Business to customer commerce D. E-commerce

After entering a user ID and password, an online banking user must enter a PIN that was sent as a text message to the user's mobile phone.Which of the following digital security methods is being used?

What mechanism is usually implemented by banks to prevent fraudulent activities in payment and remittance services?Manual monitoring of all transactionsAutomated fraud detection systemsPhysical verification of all international transactionsDaily limits on all transactions

Which technology can be implemented as part of an authentication system to verify the identification of employees?Select one:a smart card readera virtual fingerprintSHA-1 hasha Mantrap

Your organization will be handling market trades. You will be required to verify the identify of each customer who is executing a transaction. Which technology should be implemented to authenticate and verify customer electronic transactions?Select one:symmetrical encryptiondata hashingdigital certificatesasymmetrical encryption