A Payment System That Uses Computerized Electronic Impulses to Effect

question 162

True/False

A payment system that uses computerized electronic impulses to effect a cash transaction is called electronic funds transfer (EFT).

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Definitions:

User Authentication

The process of verifying the identity of a user attempting to access a system or application.

Security Features

Technological or procedural elements designed to protect against unauthorized access, data breaches, and other forms of cyber threats.

Rapid Response

The ability to react quickly and effectively to situations or inquiries, often crucial in emergency or customer service settings.

Logging Messages

The process of recording events, transactions, or messages into a log for monitoring or auditing purposes.