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basic principlesconfidentialityconfidentiality privacy is the assets of preventing confession of information to illegal individuals or systems for
security considerationsinformation security is a way of protecting information and information systems from illegal use disclosure access disruption
virtual terminalin open systems a virtual terminal vt is a submission service that1 allows host terminals on a multi-user network to work
consumer protectionconsumer protection is an outline of administration regulation which protects the benefit of consumers for instance a government
acl based security modelin an acl-based security model when a subject needs to execute an operation on an object the system first verify the list for
security modela computer security model is a system for identifying and enforcing security policies a security model may be established upon a formal
cyber cashcyber cash inc was an internet payment service for electronic commerce headquartered in reston virginia it was founded in august 1994 by
interchange of traffic across an internet exchange pointa connection to an ixp does not by itself reason any traffic to be exchanged it is a physical
internet exchange pointan internet exchange point ix or ixp is a physical transportation that allows dissimilar internet service providers isps to
first virtual payment systemfirst virtual holdings was a company created in early on 1994 to facilitate internet commerce the first product present
authenticationefts transactions may be go together with by methods to validate the card and the card holder the merchant may manually confirm the
authorisationeft transactions necessitate communication between number of parties when a card is applied at a merchant or automated teller
transaction typesa numeral of transaction category may be performing together with the subsequentsale where the cardholder pays for goods or
card based efteft may be begun by a cardholder when a payment card for instance a credit card or debit card is used this might take place at an
electronic benefit transferelectronic funds transfer at point of sale eftpos is an australian and new zealand electronic processing system for credit
electronic fund transfereft or electronic funds transfer refers to the computer-based systems used to achieve financial transactions by
electronic commerce providersa transaction is a contract communication or movement carried out between separate entities or substance often
fees charged to customersthe main fees are for delayed payments or late payments charges that result in more than the credit limit on the card
costscredit card issuers banks have more than a few types of costsinterest expensesbanks usually borrow the money they then provide to their
securitycredit card safety relies on the physical safety of the plastic card in addition to the privacy of the credit card number consequently
prepaid credit cardsa prepaid credit card is not a credit card while no credit is presented by the card issuer the card-holder spends money which has
secured credit cardsa protected credit card is a kind of credit card protected by a deposit account owned by the cardholder usually the cardholder
the flow of money and information between these parties - forever via the card relations - is known as the substitution and it consists of a
parties involved cardholder the owner of the card used to create a purchase the customer card-issuing bank the financial organization or other
fits to merchantsan illustration of street markets accept credit cardsfor merchants a credit card transaction is frequently added more security than