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Why is trust in intermediaries important in notational funds transfer systems in electronic payments?
  • a)
    Intermediaries eliminate the need for encryption.
  • b)
    Intermediaries ensure complete transparency in transactions.
  • c)
    Intermediaries separate sensitive and non-sensitive information.
  • d)
    Intermediaries handle sensitive payment information on behalf of users.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Why is trust in intermediaries important in notational funds transfer ...
Trust in intermediaries is important in notational funds transfer systems because intermediaries handle sensitive payment information on behalf of users, ensuring security and authenticity in transactions.
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Why is trust in intermediaries important in notational funds transfer systems in electronic payments?a)Intermediaries eliminate the need for encryption.b)Intermediaries ensure complete transparency in transactions.c)Intermediaries separate sensitive and non-sensitive information.d)Intermediaries handle sensitive payment information on behalf of users.Correct answer is option 'D'. Can you explain this answer?
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Why is trust in intermediaries important in notational funds transfer systems in electronic payments?a)Intermediaries eliminate the need for encryption.b)Intermediaries ensure complete transparency in transactions.c)Intermediaries separate sensitive and non-sensitive information.d)Intermediaries handle sensitive payment information on behalf of users.Correct answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Why is trust in intermediaries important in notational funds transfer systems in electronic payments?a)Intermediaries eliminate the need for encryption.b)Intermediaries ensure complete transparency in transactions.c)Intermediaries separate sensitive and non-sensitive information.d)Intermediaries handle sensitive payment information on behalf of users.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Why is trust in intermediaries important in notational funds transfer systems in electronic payments?a)Intermediaries eliminate the need for encryption.b)Intermediaries ensure complete transparency in transactions.c)Intermediaries separate sensitive and non-sensitive information.d)Intermediaries handle sensitive payment information on behalf of users.Correct answer is option 'D'. Can you explain this answer?.
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