This topic contains a solution. Click here to go to the answer

Author Question: Briefly describe five basic micropayment models. What will be an ideal ... (Read 140 times)

jessicacav

  • Hero Member
  • *****
  • Posts: 558
Briefly describe five basic micropayment models.
 
  What will be an ideal response?

Question 2

What is a smart card? Briefly describe two types of smart cards.
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kaillie

  • Sr. Member
  • ****
  • Posts: 326
Answer to Question 1

Aggregation, direct payment, stored value, subscriptions, and  la carte are the five basic micropayment models. Aggregation occurs when payments for a single customer are batched together and processed only after a certain time period has expired or a certain monetary threshold is reached. Direct payment occurs when micropayments are added to a monthly bill for existing services. Stored value refers to up-front payments made to a debit account, and then purchases are deducted as they are made. With subscriptions, a single payment covers access to content for a defined period of time. With  la carte, vendors process purchases as they occur and rely on the volume of purchases to negotiate lower credit and debit card fees.

Answer to Question 2

A smart card is an electronic card containing an embedded microchip that enables predefined operations or the addition, deletion, or manipulation of information on the card. Contact and contactless are two types of smart cards. A contact card contains a small gold plate on the face that when inserted in a smart card reader makes contact and passes data to and from the embedded microchip. The contactless card is a smart card with an embedded antenna, by means of which data and applications are passed to and from a card reader unit or other device without contact between the card and the card reader.




jessicacav

  • Member
  • Posts: 558
Reply 2 on: Jul 7, 2018
Gracias!


amynguyen1221

  • Member
  • Posts: 355
Reply 3 on: Yesterday
Excellent

 

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

For a complete list of videos, visit our video library