What is money laundering and how is money laundered, Computer Networking

Assignment Help:

Question:

a) (i) Describe the entire process of credit card processing, identifying the different steps and parties involved.

(ii) What are the roles of the acquiring bank and the issuing bank in the credit card payment system?

b) (i) Outline the main differences between a credit card and a charge card.

(ii) What is money laundering and how is money laundered?

c) (i) E-money or e-cash is a generic name given to the concept of currency which is digitally signed by an issuing institution through a private encryption key and is transmitted to an individual. Explain how e-money works?

(ii) What are the advantages of using e-money over a credit card?


Related Discussions:- What is money laundering and how is money laundered

Explain FDDI media access control, FDDI Media Access Control Unlike CSM...

FDDI Media Access Control Unlike CSMA/CD networks such like Ethernet token-passing networks are deterministic--you are able to calculate the maximum time that will pass before

Create and simulate a network - netml system, Create and simulate a network...

Create and simulate a network similar to the one shown here, using the NetML system. The network is a little more complex, as depicted at the right. There is an extra node

Differentiate between multicast and broadcast, Multicast and Broadcast ...

Multicast and Broadcast In broadcast interconnection network at an individual time one node sends the data and all other nodes obtain that data.   Broadcast can be termed as on

Interconnection networks and sorting, As in PRAM, there was no direct commu...

As in PRAM, there was no direct communication medium among the processors, therefore another model called as interconnection networks have been designed. In the interconnection net

Data communication and networking, i) Identify at least two items at every ...

i) Identify at least two items at every site that needs upgrading [2 Marks] ii) What type of WAN connection (link) might you use to connect the three sites to each other?

Advantages - point to point , Advantages There are  times when  using ...

Advantages There are  times when  using  packet filters makes  sense. If the  connections require high  throughput  or the protocols  has proprietary technology that makes  it

Why we use numbering frames, Q. Why we use numbering frames? Why numbe...

Q. Why we use numbering frames? Why numbering frames? Stop--and-wait ARQ, 1. Numbering Frames prevents the retaining of duplicate frames.. 2. Numbered acknowled

Program to use of lastprivate clause, This example illustrate the use of la...

This example illustrate the use of lastprivate clause void for_loop (int n, float *a, float *b) { int i; #pragma omp parallel { #pragma omp for lastprivate(i) for

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd