Tag: mainframe

One who issues the POS machines to the merchant

One who buys and owns the credit card

One who has approving authority for credit card

One who is being charged the fees of credit card

Point of Sale equipment

Process to get the response for any transaction

Equipment though which the customer makes the sale transactions

Both a and c

Issuer & Acquirer are different.

Issuer & Acquirer are same.

Issuer is tied up with any social service group

None of the above.

Issuer & Acquirer are different.

Issuer & Acquirer are same.

Issuer, Acquirer and Network are different.

None of the above.

The process to get the response for any transaction is called Authorization.

The process of verifying the card by merchant is called Authorization.

The process of verifying the signature of the customer on the card is called Authorization.

All of the above.

The maximum limit that a customer can utilize the credit that was provided by the issuer.

The maximum limit that a customer can withdraw money from the ATM.

The minimum amount for which the customer can use his card for a single purchase.

None of the above.

It is the fee that will be charged if the customers don’t pay the Minimum due amount that was requested in the statement within the due date specified.

It is the fee that will be charged if the customers don’t pay the Outstanding Balance that was requested in the statement within the due date specified.

It is the fee that will be charged if the customers don’t pay the Outstanding Balance that was requested in the statement before the next Statement Day

It is the fee that will be charged if the customers don’t pay the Minimum due amount that was requested in the statement before the next Statement Day

It is the Membership fee which is charged annually.

It is the Service Charge billed based on the number of transactions done in a Year.

It is the fee Merchant bank pays to Issuer Bank annually

None of the above

These are gifts provided by the merchant to the customer.

These are the points that will be acquired when the customer does a specific transaction.

These are the points earned by the card member for increasing the credit limit.

These are the points earned by the merchant for setting up the POS.

It is the process paying the bills online every month through the customers saving’s account

It is the process of paying the bills automatically after every transaction made by the customer through the customers saving’s account.

It is the process of sending a automated notification to the customer reminding of the payment date and amount.

It is the process paying the bills automatically every month through the customers saving’s account