BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The various means of Electronic Payment Systems Includes____
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Only 2
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Only 3
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All the above
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None of these
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Explanation:
Detailed explanation-1: -The most popular methods of electronic payments include credit cards, debit cards, virtual cards, and ACH (direct deposit, direct debit, and electronic checks).
Detailed explanation-2: -Payment using credit card is one of most common mode of electronic payment.
Detailed explanation-3: -Ans: Electronic cards can be considered as debit cards issued in specific overdraft accounts that are in the nature of personal loan without any specific end-use restrictions.
There is 1 question to complete.