Podcast
Questions and Answers
What is the maximum amount that can be transferred per transaction using this service?
What is the maximum amount that can be transferred per transaction using this service?
- PHP 75,000
- PHP 25,000
- PHP 100,000
- PHP 50,000 (correct)
What was Maria Victoria 'Marivic' Lopez charged with in connection to her role at Metrobank?
What was Maria Victoria 'Marivic' Lopez charged with in connection to her role at Metrobank?
- Tax evasion and breach of trust
- Embezzlement and money laundering
- Qualified theft and falsification (correct)
- Fraud and insider trading
How quickly is the money credited to the recipient's account?
How quickly is the money credited to the recipient's account?
- After a manual review
- Within 1 business day
- Instantly (correct)
- After 3 hours
Which corporate client was allegedly involved in the fraudulent activities at Metrobank?
Which corporate client was allegedly involved in the fraudulent activities at Metrobank?
Which of the following days is the service NOT available for transactions?
Which of the following days is the service NOT available for transactions?
What was the nature of the accounts that Maria Victoria 'Marivic' Lopez allegedly created?
What was the nature of the accounts that Maria Victoria 'Marivic' Lopez allegedly created?
What framework is this service a part of?
What framework is this service a part of?
In what position did Maria Victoria 'Marivic' Lopez serve at Metrobank?
In what position did Maria Victoria 'Marivic' Lopez serve at Metrobank?
Which of the following is true regarding the operational hours of the service?
Which of the following is true regarding the operational hours of the service?
Which law did Maria Victoria 'Marivic' Lopez allegedly violate during her activities at Metrobank?
Which law did Maria Victoria 'Marivic' Lopez allegedly violate during her activities at Metrobank?
What payment method is specifically associated with Shopee?
What payment method is specifically associated with Shopee?
Which statement accurately describes Lazada Wallet?
Which statement accurately describes Lazada Wallet?
Who can use ShopeePay QR codes?
Who can use ShopeePay QR codes?
Which platform is NOT mentioned in association with ShopeePay?
Which platform is NOT mentioned in association with ShopeePay?
What region does Lazada primarily operate in?
What region does Lazada primarily operate in?
What is a primary benefit of using mobile wallets?
What is a primary benefit of using mobile wallets?
What do mobile wallets allow users to store?
What do mobile wallets allow users to store?
How are mobile wallet transactions characterized?
How are mobile wallet transactions characterized?
Which of the following is NOT a feature of mobile wallets?
Which of the following is NOT a feature of mobile wallets?
What is a likely reason for the increasing popularity of mobile wallets?
What is a likely reason for the increasing popularity of mobile wallets?
What is the primary function of PoS terminals?
What is the primary function of PoS terminals?
In which types of businesses are PoS machines commonly used?
In which types of businesses are PoS machines commonly used?
What does the term 'point of sale transaction' refer to?
What does the term 'point of sale transaction' refer to?
Which of the following is NOT a characteristic of PoS terminals?
Which of the following is NOT a characteristic of PoS terminals?
What is the significance of using PoS machines in retail environments?
What is the significance of using PoS machines in retail environments?
Study Notes
Fraud Incident at Metrobank
- Maria Victoria 'Marivic' Lopez, head of Corporate Service Management at Metrobank, has been charged with qualified theft, falsification, and violations of the General Banking Law.
- Lopez allegedly diverted disbursed loans into fictitious accounts linked to Universal Robina Corp., one of the bank's largest corporate clients.
Fund Transfer System
- Under the NRPS framework, users can transfer up to PHP 50,000 per transaction.
- Fund transfers are credited instantly to the recipient's account.
- Service is available 24/7, including weekends and holidays.
Offline Payment Options
- Users can make purchases at partner stores using ShopeePay QR codes for convenient offline transactions.
Lazada Wallet
- Lazada Wallet serves as a mobile wallet integrated into the Lazada e-commerce platform.
- This payment method is recognized for its speed and security, gaining popularity due to its convenience.
Mobile Wallet Usage
- Mobile wallets allow users to store card details on smartphones for easy access and payment.
- Point of Sale (PoS) terminals are portable devices that read cards to process payments, commonly used in supermarkets and gas stations.
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Description
This quiz covers the recent charges against Maria Victoria 'Marivic' Lopez, who is accused of qualified theft and violation of banking laws. The case involves the misappropriation of loans into fictitious accounts linked with Universal Robina Corp. Test your understanding of corporate fraud and banking regulations.
