Define address verification system. What is one disadvantage of the Address Verification System (AVS)?
What will be an ideal response?
The address verification system detects fraud by comparing the address entered on a Web page with the address information on file with the cardholder's issuing bank. This method results in a number of false positives, meaning that the merchant may reject a valid order. Also, cardholders often have new addresses or simply make mistakes in inputting numeric street addresses or zip codes.
You might also like to view...
Which of the following statements is true of assignors?
A. An assignor who accepts performance from the promisor after the assignment does not hold any benefits he or she receives as trustee for his or her assignee. B. An assignor does not impliedly warrant the solvency of a promisor. C. An assignor who wrongfully assigns the same claim more than once is not liable to an assignee as the assignee is later held to have acquired rights against the promisor. D. An assignor who is paid for making an assignment is not liable to assignees for implied guarantees.
Which heuristic is defined as a rule of thumb for making judgments based on examples and events that immediately spring to mind?
A. availability B. confirmation C. representativeness D. anchoring and adjustment
Explain the meaning of the terms "tangible" and "intangible" and discuss how these terms are used in describing assets.
What will be an ideal response?
In Wickard v. Filburn, the Supreme Court held that if a farmer only produced wheat to be used on that farmer's property then there is no commerce to be regulated by Congress
a. True b. False Indicate whether the statement is true or false