When Digital Payments Go to the Wrong Person

When Digital Payments Go to the Wrong Person

Assessment

Interactive Video

Business

11th Grade - University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the challenges of peer-to-peer fund transfers, focusing on mistaken transactions. It shares a personal story of Tan Wan Hui, who accidentally sent money to the wrong person and the steps she took to resolve it. The video highlights the responsibility of both banks and customers in such situations and explores legal options available for recovering funds. It emphasizes the importance of verifying transaction details and understanding one's legal rights.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What steps did the individual take after realizing they sent money to the wrong person?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How did Tan Wan Hui's experience with a mistaken transaction compare to the teacher's experience?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of the notification sent to the person who mistakenly received the funds?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the legal options available if someone refuses to return money sent by mistake?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the implications of making a police report or suing someone over a small amount of money?

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