Matching
Match the following e-payment methods with their descriptions.
Premises:
Open system cards
Internet payment services
Prepaid cards
Limited purpose cards
Storedvalue cards
Responses:
Their value is stored electronically on the device via an integrated circuit chip.
They involve payments that rely on a bank account and use the Internet as a means of transferring funds to or from an established financial account.
They are attached to an account and they provide access to monetary funds that are paid in advance by the cardholder.
They are used only for a finite number of purposes, and are issued by a particular merchant, telecommunications provider, or transit company.
They are used for a wide range of purposes, may cross geographic boundaries, and may be used by any user.
Correct Answer:
Premises:
Responses:
Open system cards
Internet payment services
Prepaid cards
Limited purpose cards
Storedvalue cards
Premises:
Open system cards
Internet payment services
Prepaid cards
Limited purpose cards
Storedvalue cards
Responses:
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