from EMV or magnetic strip Chapter Electronic Payment Systems version CHAPTER version CHAPTER - - - - Chapter Electronic Payment Systems Part - I Choose the correct answer . Based on the monetary value e payment system can be classified into a) Mirco and Macro b) Micro and Nano c) Maximum and Minimum d) Maximum and Macro . refers to a payment made from one bank account to another bank account using eletronic methods. a) Electronic payment b) Direct payment c) Indirect payment d) None of the above .
Assertion (A): Macro electronic payment systems support higher value payments. Reason (R): Expensive cryptographic operations are included in macro payments a) Both (A) and (R) are correct and (R) is the correct explanation of (A) b) Both (A) and (R) are correct, but (R) is not the correct explanation of (A) c) (A) is true and (R) is false d) (A) is false and (R) is true . Which of the following is correctly matched a) Credit Cards - pay before b) Debit Cards - pay now c) Stored Value Card - pay later d) Smart card – pay anytime . ECS stands for a) Electronic Clearing Services b) Electronic Cloning Services c) Electronic Clearing Station d) Electronic Cloning Station .
Which of the following is a online payment system for small payments. a) Card based payment b) Micro electronic payment c) Macro electronic payment d) Credit card payment . Which of the following is true about Virtual payment address (VPA) a) Customers can use their e-mail id as VPA b) VPA does not includes numbers c) VPA is a unique ID d) Multiple bank accounts cannot have single VPA . Pick the odd one in the credit card transaction a) card holder b) merchant c) marketing manager d) acquirer