36. Which of the following is not an example of a Real-Time Gross Settlement (RTGS) system?
a) CHAPS (Clearing House Automated Payment System)
b) FedWire
c) TARGET2 (Trans-European Automated Real-time Gross Settlement Express Transfer System)
d) NEFT (National Electronic Funds Transfer)
37. What is the purpose of a routing transit number (RTN) in banking payment systems?
a) To identify the account number
b) To identify the branch
c) To enable electronic funds transfers
d) All of the above
38. Which of the following is not a characteristic of a secure online payment system?
a) Use of SSL (Secure Sockets Layer) encryption
b) Compliance with Payment Card Industry Data Security Standard (PCI DSS)
c) Cardholder data stored in plain text format
d) Two-factor authentication
39. What is the purpose of an MMID (Mobile Money Identifier) in mobile payment systems?
a) To identify the mobile number of the payer
b) To identify the mobile number of the payee
c) To authorize the transaction
d) To prevent double spending
40. Which of the following is not a characteristic of a contactless payment system?
a) Use of NFC (Near Field Communication) technology
b) Ability to make transactions without physical contact
c) Lower transaction fees compared to other payment methods
d) Limit on transaction amount for security reasons
