An "open system electronic purse" refers to
A) A debit card that can be used at multiple locations
B) A smart card that can be used at multiple locations
C) A credit card that can be used multiple locations
D) A point-of-sale terminal for EDC
Correct Answer:
Verified
Q13: W.I.F.T. is used primarily for communications dealing
Q14: Electronic banking began in the United States
Q15: Retail electronic banking refers to
A) cash withdrawals
Q16: The most visible means of electronic banking
Q17: Most ATM systems today are
A) Part of
Q18: Electronic billing requires the billing firm to
A)
Q19: The Debt Collection Improvement Act of 1996
Q21: Brassage refers to
A) The metal used in
Q22: Real-term Gross Settlement is used by
A) Fedwire
B)
Q23: Same-day settlement for large-dollar transfers
A) Multilateral netting
B)
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