First Data Corporation Has Developed the GO-Tag,where

question 231

Multiple Choice

First Data Corporation has developed the GO-Tag,where:

• A) you can easily transfer funds from one account to another by implementing your tag number,and pressing "Go".
• B) a chip attached to the vendor's cash register immediately tells the vendor if you have enough funds in your checking account to cover the check you are writing.
• C) electronic funds transfer systems operate in cyberspace,by tagging each step in the process.
• D) a small chip that is attached to a cell phone or smaller card such as a badge that can make a transaction from one account to another without the need to swipe the carD.

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Definitions:

American Needle

A landmark U.S. Supreme Court case related to antitrust law and collective licensing agreements.

Federal Power

The authority held by the federal government, as outlined in a country's constitution, over national issues.

Wickard V. Filburn

A landmark 1942 Supreme Court case that greatly expanded the power of the federal government to regulate economic activity under the Commerce Clause.

Interstate Commerce

Business activities that touch more than one state.