Question1. Describe the entire credit card processing cycle, identifying the dissimilar steps and parties involved.
Question2. Outline the main differentiations between a debit card and a credit card.
Question3. Describe why the use of credit cards is not suitable for micro-payments and suggest an alternate payment instrument which could be employed.
Question4. Briefly illustrate the roles of the acquirer and the issuer in credit card payment system.
Question5. There are a number of factors that come in play in determining whether a specific technique of e-payment achieves widespread acceptance. Outline any THREE of these crucial factors.
Question6. Illustrate briefly the following electronic payment methods.
(i) E-wallets.
(ii) Smart cards.
Question7. Outline the concept of Real Time Gross Settlement (RTGS) system in Mauritius and name the THREE main system components of the MACSS.
Question8. Make a distinction between ‘Gross Settlement’ and ‘Netting’.
Question9. Describe briefly how the SWIFT FIN Y-COPY works. (Use diagrams where necessary to support your answer)
Question10. What are the benefits of online broker compared to the traditional broker?
Question11. Outline the role of specialist and that of market maker.
Question12. List all the possible drivers behind the widespread success for mobile services.