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APRP Handbook - Chp 1: Payment Systems (16%) Questions with correct Answers 2023
- Exam (elaborations) • 2 pages • 2023
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APRP Handbook - Chp 1: Payment Systems (16%) Questions with correct Answers 2023 
NACHA was formed in the year... 
1974 
 
 
 
Memo Post 
A posting to an account which may affect the balance but is temporary until the institution has completed all verification and reconciliation it receives throughout the day. 
 
 
 
Proximity Payments 
POS transactions made with a mobile device like a cellphone, smart card, PDA or any device with a microchip (the term M-payment is exclusive to a mobile phone) 
...
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