Answer the following questions:

1. With transactions moving further away from cash and more towards electronic, do you think this will change the way banks go about fraud prevention? If so, how? (20 points)

2. How do credit card companies (such as Visa or Master Card) protect their customers from fraud in credit card transactions? (15 points)

3. What are fraud prevention and detection techniques can be used in credit card transactions? Explain. (15 points).