Podcast
Questions and Answers
What is a Point of Sale (POS) transaction?
What is a Point of Sale (POS) transaction?
- A transaction where the customer has to enter their PIN on a keypad (correct)
- A transaction made with a Visa credit card
- A transaction involving mobile banking
- A transaction made through cash deposit
What does a POS statement typically include?
What does a POS statement typically include?
- Customer's phone number and email address
- Transaction amount, address, and name of the merchant (correct)
- Details about upcoming promotions
- List of nearby ATMs
What are some advantages of Phone Banking mentioned in the text?
What are some advantages of Phone Banking mentioned in the text?
- Provides discounts at partner stores
- Reduces the need for physical visits to the bank
- Avoid overload of transactions, efficient system (correct)
- Enables customers to withdraw cash without an ATM
What service is also known as SMS banking?
What service is also known as SMS banking?
What is a common feature of Mobile Banking?
What is a common feature of Mobile Banking?
How do cloud-based POS systems benefit merchants?
How do cloud-based POS systems benefit merchants?
Which of the following is a type of smart card?
Which of the following is a type of smart card?
What is a mobile wallet primarily used for?
What is a mobile wallet primarily used for?
Which of the following is NOT mentioned as a benefit of using mobile wallets?
Which of the following is NOT mentioned as a benefit of using mobile wallets?
What should users do before making an online payment or transfer?
What should users do before making an online payment or transfer?
Which of the following is an example of a mobile wallet mentioned in the text?
Which of the following is an example of a mobile wallet mentioned in the text?
What does the text imply about the convenience of mobile wallets?
What does the text imply about the convenience of mobile wallets?
What technology is primarily used for at least one part of the transaction's life cycle in modern electronic commerce?
What technology is primarily used for at least one part of the transaction's life cycle in modern electronic commerce?
Which of the following is NOT one of the three main areas of e-commerce mentioned in the text?
Which of the following is NOT one of the three main areas of e-commerce mentioned in the text?
What does SWIFT stand for in the context of e-banking services?
What does SWIFT stand for in the context of e-banking services?
What is the purpose of SWIFT in the financial industry?
What is the purpose of SWIFT in the financial industry?
Which mode of payment allows for easy transfer of money between countries due to its messaging network?
Which mode of payment allows for easy transfer of money between countries due to its messaging network?
What type of sales involves direct selling to consumers through the World Wide Web, Apps, or chatbots?
What type of sales involves direct selling to consumers through the World Wide Web, Apps, or chatbots?
