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Are you a payments quiz master?

Did you try your hand at our payments quiz at Money 20/20? Take a minute to see how you scored with the answers in bold below.

Payments Learning Resources

June 12, 2023

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
  1. Which of the following is not facilitated by The Financial Conduct Authority (FCA)?
  • PSD2 License
  • PI License
  • EMI License
  • Full Banking License
  1. 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
  1. 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.
  1. What was the currency of Greece before it adopted the Euro?
  • Mardrach
  • Drachcoin
  • Drachma
  • Dirham
  1. What does CBDC stand for?
  • Chargeback Detection Centre
  • Central Bank Digital Currency
  • Currency Bureau Digital Criteria
  • Crypto Blockchain Digital Currency
  1. What is the name of the European Union's cross-border payment system?
  • SEPA
  • SWIFT
  • ACH
  • ROFL
  1. Which beer was first brewed in Amsterdam 1864?
  • Amstel
  • Heineken
  • Grolsch
  • De Prael
  1. Amsterdam has more canals than Venice?
  • True
  • False
  1. Under what name did MoneySend first launch?
  • Safe Send
  • Swift Send
  • MoneySend
  • Send Money
  1. 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?

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