Which of the following is a key requirement for establishing trust and security in WWW-based E-Commerce?
E-commerce security relies on the CIA triad plus authentication and non-repudiation: Confidentiality, Integrity, Availability, and Authentication.
What is a 'Merchant Account' in electronic commerce?
A merchant account is a specialized bank account established with an acquiring bank that holds customer card payments temporarily before transferring funds to the merchant's business checking account.
Which term describes electronic payments involving extremely small financial amounts (e.g., 10 rupees for a news article or in-app item)?
Micropayments are small financial transactions (often under a dollar or a few rupees) typical for digital content, media downloads, and micro-services.
Under Section 66D of India's Information Technology (IT) Act 2000, what offense is specifically penalized in relation to online fraud?
Section 66D of the IT Act 2000 mandates punishment for cheating by personation using any computer resource or electronic communication device.
Which component in EDI system architecture translates internal corporate database formats into standard EDI XML or ANSI X12 documents?
An EDI Translator software parses local business data (ERP/database records) and converts it into standard EDI formatted message sets (and vice versa).