Are you a payments quiz master?

1. Which EU regulation sets out the requirements for strong customer authentication (SCA) in electronic payments?

• PSD2
• GDPR
• MiFID II
• AMLD5

2. Which of the following is not facilitated by The Financial Conduct Authority (FCA)?

• PSD2 License
• PI License
• EMI License
• Full Banking License

3. What is the difference between a PayFac and a Payment Facilitator?

• PayFac is a place a Payment Facilitator is an entity
• Payment Facilitators operate under a PayFac
• They’re the same thing
• PayFac’s are used in Asia, Payment Facilitators are used in Europe

4. What is an ARN?

• Asset Reference Number- A number assigned to a POS Terminal.
• Automatic Reconciliation Number- A number assigned to payment automated reconciliation transactions between merchants and payment processors.
• Automated Refund Notification- An automatic notification from merchants when a refund has been issued to a customer.
• Acquirer Reference Number- A number assigned to a transaction when it goes from the acquirer through the card scheme at the issuer.

5. What was the currency of Greece before it adopted the Euro?

• Mardrach
• Drachcoin
• Drachma
• Dirham

6. What does CBDC stand for?

• Chargeback Detection Centre
• Central Bank Digital Currency
• Currency Bureau Digital Criteria
• Crypto Blockchain Digital Currency

7. What is the name of the European Union's cross-border payment system?

• SEPA
• SWIFT
• ACH
• ROFL

8. Which beer was first brewed in Amsterdam 1864?

• Amstel
• Heineken
• Grolsch
• De Prael

9. Amsterdam has more canals than Venice?

• True
• False

10. Under what name did MoneySend first launch?

• Safe Send
• Swift Send
• MoneySend
• Send Money

11. What is OCT and AFT in Visa Direct?

• AFT debits, OCT credits
• OCT debits, AFT credits
• AFT sends international, OCT sends local
• They’re the same thing

How did you go?