Cybersecurity - E-commerce platforms are vulnerable to cyberattacks, risking data breaches, financial fraud, and loss of customer trust, Channel conflict - Competition between a manufacturer’s distribution partners who sell through different channels, NFC - A wireless technology that allows for short-range communication between two electronic devices when they are brought close together (typically 4 cm or less)The buyers, sellers, and transactions involve only organisations not individuals, QR code - A type of barcode that can be read easily by a digital device and which stores information as a series of pixels in a square-shaped grid, PayPal - An online platform that serves as a digital wallet, allowing users to send and receive money, make online purchases, and pay for goods and services without sharing their financial details with the merchant, PayID - An Australian payment service that lets you use a simple, memorable identifier, such as your mobile number, email address, or ABN (Australian Business Number), instead of your BSB and account number to send and receive money, Cloning - Duplicating the electronic serial number (ESM) of one phone and using it in second phone, Phishing - Using a fraudulent communication, such as an e-mail, to trick the receiver into divulging critical information such as account numbers, passwords, or other identifying information, Smishing - Similar to phishing, but the fraudulent communication comes in the form of an SMS message, Vishing - Similar to phishing, but the fraudulent communication comes in the form of a voice or voicemail message encouraging the victim to divulge secure information,

Payment Systems and Security

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