Payment Systems Quiz

Which of the following is not a payment system used in the US?

• ACH Network

• Bitcoin Network

• Card Networks

• Wire Transfer Networks

Which network facilitates electronic funds transfers between banks and financial institutions?

• Card Networks

• Wire Transfer Networks

• Peer-to-Peer Payment Systems

• Mobile Wallets

Which network is responsible for processing credit and debit card transactions?

• ACH Network

• Wire Transfer Networks

• Card Networks

• Peer-to-Peer Payment Systems

Which of the following is NOT a major card network in the US?

• Visa

• MasterCard

• Bitcoin

• American Express

Which network is known for its real-time gross settlement system for large-value transactions?

• ACH Network

• Card Networks

• Wire Transfer Networks

• Mobile Wallets

Which payment system allows individuals to transfer funds directly from their bank account to another individual's bank account?

• ACH Network

• Wire Transfer Networks

• Peer-to-Peer Payment Systems

• Mobile Wallets

Which payment system is commonly used for recurring payments such as salaries, bills, and subscriptions?

• ACH Network

• Card Networks

• Wire Transfer Networks

• Cryptocurrency Payment Systems

Which network offers a secure way to make payments using smartphones or other mobile devices?

• Card Networks

• Wire Transfer Networks

• Peer-to-Peer Payment Systems

• Mobile Wallets

Which payment system operates on a decentralized digital ledger technology?

• ACH Network

• Card Networks

• Cryptocurrency Payment Systems

• Wire Transfer Networks

Which network is responsible for settling interbank transactions in the US?

• ACH Network

• Card Networks

• Wire Transfer Networks

• Payment Processors and Service Providers