Verification of a payment instruction's authorisation is always required before the instruction can be settled.
Correct Answer:
Verified
Q3: The payment order processing system for inter-ADI
Q4: The clearing of retail payment orders refers
Q5: Payments in the retail payment system can
Q6: Providers of payment services process payment instructions
Q7: In value terms, the payments system's major
Q9: Retail payments can be defined as payments
Q10: We are fast becoming a 'cashless society'.
Q11: The overnight delay in the settlement of
Q12: Barter is a system of exchange in
Q13: A cheque deposited into your ADI account
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