Payment Network Intro

Cards issued by other banks with Amex as network are known as
Proprietary
Network
Pulkit buys an iWatch from Aayam's Apple Store. The card details of Pulkit are passed to Shwetha who then asks Senthil if Pulkit has enough money in his card or not. Select the correct option among the following
Aayam is a consumer
Pulkit is an acquirer
Senthil is an issuer
Shwetha is the merchant
Swathika swiped her card at the merchant's store but the payment failed because she entered the wrong PIN. What is this process of checking the details called?
Authorization
Authentication
Verification
Validation
Amex is both an acquirer and an issuer
True
False
POS stands for
Position of Settlement
Point of Settlement
Position of Sale
Point of Sale
Outclear files come from
Issuer
Acquirer
Issuer and Acquirer
{"name":"Payment Network Intro", "url":"https://www.quiz-maker.com/QPREVIEW","txt":"Cards issued by other banks with Amex as network are known as, Pulkit buys an iWatch from Aayam's Apple Store. The card details of Pulkit are passed to Shwetha who then asks Senthil if Pulkit has enough money in his card or not. Select the correct option among the following, Swathika swiped her card at the merchant's store but the payment failed because she entered the wrong PIN. What is this process of checking the details called?","img":"https://www.quiz-maker.com/3012/images/ogquiz.png"}
Powered by: Quiz Maker