WorksheetsExercise 1 Fintech
Total questions: 19
Worksheet time: 10mins
Which of these is not a Payment Token?
Wallet
USSD
Bank Account
Payment Card
___ is an asset account that records what the bank expects from external parties.
Virtual
Payable
Suspense
Receivable
Settlements in Fintech are only applied to?
Lending
Investments
Successful transactions
If a payment is not —---, it cannot be successful
Pushed
Authorized
Pull
The highest member status in the Payment Card Network Hierarchy is called?
A TPP
Affiliate
Principal
A Payment Token + A Payment Channel + A Financial Institution is =?
Payment Gateway
Payment Method
Which of the following is not part of the 4-party model in Fintech?
Issuer
Cardholder
Merchant
Payment Gateway
Acquirer
____processes the payments and ensures the money is transferred from the cardholder’s bank account to the bank account of the Merchant.
Issuer
Acquirer
A Payment card is administered for use throughout its lifecycle using a____
Card Management System
Core Banking System
In Fintech, ____ usually has a terminal and supports 1 or more Payment methods.
Issuer
Acquirer
Merchants
Payment Gateways
The payment token is from the________
Acquirer
Issuer
Which of these payment accounts is tied to Terminals to record the flow of money through them?
Payable Account
Virtual Accounts
Settlement Accounts
Till Accounts
Receivable Accounts
____ is the service provider that accepts cardholder's payments and assumes liability for processing these payments on the merchant's behalf. This service provider in many cases appears on a cardholder's receipt.
PayFac
Independent Sales Organisations
Merchants of Record
____is the latest version of the universal financial industry message scheme for payment protocols?
ISO20022
ISO8583
____is the global organization that maintains and promotes payment card industry standards for safeguarding cardholder data across the globe.
EMV
ISO
PADSS
PCI DSS
Which of these identifiers CANNOT be found on a physical card?
PAN
MM/YY
MII
P2P
Which of these Licenses is now bundled with the switching license in Nigeria?
PSSP
PTSP
MMO
_____is an architectural style that structures an application as a collection of highly maintainable services, testable, loosely coupled, independently deployable, and organized around Fintech business capabilities.
API protocol
Microservices
ISO Messaging
_______ is the fee card networks charge consumer banks for issuing cards?
The Swipe Tax
Interchange
Interbank Levy
