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12th Standard English Medium Computer Applications Subject Electronic Payment Systems Book Back 2 Mark Questions with Solution Part - II updated Book back Questions

Published on: 13/05/2022

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Download Tamil Nadu 12th Standard Computer Applications question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.

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Std: 12th Standard - Computer Applications

chapter: - Book back Questions

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Questions:

Generic 2

5 x 2 = 10

What is mean by point of sale?

What is called gift cards?

Advantages of unified payments interface?

What is credit card payment system?

What are Payment cards?

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Answers Key:

Generic 2

5 x 2 = 10

Merchant's-electronic device that enables the e - payments. It reads the card information from EMV or magnetic strip

A magnetics tripe or chip card that holds the value of money to offer as a gift by a E - business

(i) Immediate money transfers through mobile device round the clock 24 x 7.
(ii) Can use single mobile application for accessing multiple bank accounts
(iii) Single Click Authentication for transferring of fund.
(iv) It is not required to enter the details such as Card no, Account number, IFSC etc. for every transaction.
(v) Electronic payments will become much easier without requiring a digital wallet or credit or debit card

Credit card is an electronic payment system normally used for retail transactions.

Payment cards are plastic cards that enable cashless payments. They are simple embossed plastic card that authenticates the card holder on behalf of card issuing company, which allows the user to make use of various financial services.