Title: Identify various methods of handling payment for purchases.
Course: Marketing Exploration (12160-36) > Section: Completing a Sales Transaction

Identification should include payment methods such as

- cash
- check
- credit card
- debit card
- gift card or gift certificate
- electronic transfer/mobile payment (e.g., Google Pay, Apple Pay, PayPal).

Process/Skill Questions:

- What information is transferred when the magnetic strip or chip of a credit or debit card is scanned?
- What are forms of no-contact payment?
- Why is confidentiality important in credit or debit card transactions? How can confidentiality be achieved?
- Why is it important for a business to keep pace with changing technology related to purchase transactions?
- What resources provide information on new technology in purchase transactions?
- How has technology improved sales transactions?
- What possible disadvantages may new technologies bring with them?
- What are some tactful ways to handle technological difficulties with processing payments?
- What are the implications of a potential data breach when it comes to handling customer payments?
- How can a company make their payment handling process more secure?
- How can businesses/retailers assure their customers that their payment process is secure?
- What are some new forms of payments becoming available today?