SEPA quiz

Create an image showing symbols of European currency, digital payments, and financial institutions, with a background representing a map of Europe.

SEPA Payment Knowledge Quiz

Test your knowledge about the Single Euro Payments Area (SEPA) with our interactive quiz! This quiz covers key concepts surrounding SEPA, its payment schemes, and the relevant ISO messages, helping you deepen your understanding of European payment systems.

Prepare yourself to answer:

The primary tasks of key financial institutions
Important ISO 20022 messages
Features of various SEPA payment methods

10 Questions2 MinutesCreated by ThinkingFlow937

Primary task of European Payment Council is ?

To manage 4 payment scheme

Contribute to harmonized payments

International Profit Association

Support payment other than EUR currency

Main task of European Central Bank (ECB) is ?

ECB is bank only

Maintain Price Stability

To maintain latest technologies

Develop Market Infrastructure

How many countries are part of SEPA ?

SEPA DD is primarily used for ?

One time Payment

Recurring transaction

Standing orders

Cheque

SEPA Credit transfer is

Batch Payment

One time payment

Introduced in 2008 by EPC

Bank must be SEPA participants

What is correct about SEPA Instant ?

Transaction Completed under 10 sec.

Available in 24/7

Batch Payment

Transaction amount up to 100,000

For Mandate initiation which ISO 20022 message is used ?

Pacs.008

Pain001

Pain.009

Pain.010

To collecting Direct debit request which ISO20022 message used ?

Pain.008

Pain.001

Pain.009

Pacs.008

FI to FI credit transfer request is initiated by using ?

Pacs.003

Pacs.002

Pacs.008

Pacs.004

To Cancel the SEPA payment which message use?

Camt.029

Camt.054

Camt.052

Camt.056

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