A liability shift took place after October 1, 2015 where the merchants were allowed to accept the payments via a chip card’s magnetic stripe; however they have to take the responsibility of any fraudulent purchases. Hence, the given statement is “ True ”.

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Chapter 3, Problem 10SAT

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A liability shift took place after October 1, 2015 where the merchants were allowed to accept the payments via a chip card’s magnetic stripe; however they have to take the responsibility of any fraudulent purchases.

Hence, the given statement is “True”.

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Students have asked these similar questions

Could you provide an example of when smart cards provide sufficient security but magnetic stripe cards do not?

Where do magnetic stripe cards fall short of providing adequate security, and where do smart cards shine?

Do you have any examples of circumstances when smart cards provide enough security but magnetic stripe cards fall short?

Answer 2

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Chapter 3, Problem 10SAT

Program Description Answer

A liability shift took place after October 1, 2015 where the merchants were allowed to accept the payments via a chip card’s magnetic stripe; however they have to take the responsibility of any fraudulent purchases.

Hence, the given statement is “True”.

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Answer 3

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Chapter 3, Problem 10SAT

Program Description Answer

A liability shift took place after October 1, 2015 where the merchants were allowed to accept the payments via a chip card’s magnetic stripe; however they have to take the responsibility of any fraudulent purchases.

Hence, the given statement is “True”.

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Answer 4

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Chapter 3, Problem 10SAT

Program Description Answer

A liability shift took place after October 1, 2015 where the merchants were allowed to accept the payments via a chip card’s magnetic stripe; however they have to take the responsibility of any fraudulent purchases.

Hence, the given statement is “True”.

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Answer 5

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Answer 6

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Answer 7

Chapter 3, Problem 10SAT

Program Description Answer

A liability shift took place after October 1, 2015 where the merchants were allowed to accept the payments via a chip card’s magnetic stripe; however they have to take the responsibility of any fraudulent purchases.

Hence, the given statement is “True”.

Answer 8

Chapter 3, Problem 10SAT

Program Description Answer

A liability shift took place after October 1, 2015 where the merchants were allowed to accept the payments via a chip card’s magnetic stripe; however they have to take the responsibility of any fraudulent purchases.

Hence, the given statement is “True”.

Answer 9

Chapter 3, Problem 10SAT

Program Description Answer

A liability shift took place after October 1, 2015 where the merchants were allowed to accept the payments via a chip card’s magnetic stripe; however they have to take the responsibility of any fraudulent purchases.

Hence, the given statement is “True”.

Answer 10

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Answer 11

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Answer 12

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Answer 13

Ch. 3.1 - Prob. 1RQ Ch. 3.1 - Prob. 2RQ Ch. 3.1 - Prob. 1CTQ Ch. 3.1 - Prob. 2CTQ Ch. 3.2 - Prob. 1RQ Ch. 3.2 - Prob. 2RQ Ch. 3.2 - Prob. 1CTQ Ch. 3.2 - Prob. 2CTQ Ch. 3.3 - Prob. 1RQ Ch. 3.3 - Prob. 2RQ

A liability shift took place after October 1, 2015 where the merchants were allowed to accept the payments via a chip card’s magnetic stripe; however they have to take the responsibility of any fraudulent purchases. Hence, the given statement is “ True ”.

Solution Summary: The author explains that merchants were allowed to accept payments via a chip card's magnetic stripe, but they had to take the responsibility of any fraudulent purchases.

Concept explainers

A liability shift took place after October 1, 2015 where the merchants were allowed to accept the payments via a chip card’s magnetic stripe; however they have to take the responsibility of any fraudulent purchases.

Hence, the given statement is “True”.

Want to see the full answer?

Chapter 3 Solutions

A liability shift took place after October 1, 2015 where the merchants were allowed to accept the payments via a chip card’s magnetic stripe; however they have to take the responsibility of any fraudulent purchases. Hence, the given statement is “ True ”.

Solution Summary: The author explains that merchants were allowed to accept payments via a chip card's magnetic stripe, but they had to take the responsibility of any fraudulent purchases.

Concept explainers

A liability shift took place after October 1, 2015 where the merchants were allowed to accept the payments via a chip card’s magnetic stripe; however they have to take the responsibility of any fraudulent purchases. Hence, the given statement is “True”.

Want to see the full answer?

Chapter 3 Solutions

A liability shift took place after October 1, 2015 where the merchants were allowed to accept the payments via a chip card’s magnetic stripe; however they have to take the responsibility of any fraudulent purchases.

Hence, the given statement is “True”.