1) Which of the following payment methods is typically considered the most secure for online transactions? a) Debit cards b) Credit cards c) Cryptocurrency d) Cheques 2) What year was the first Point of Sale system created? a) 1978 b) 1987 c) 1985 d) 1983 3) What is the main advantage of using electronic payments over traditional ones? a) They offer convenience and speed b) They require a bank account c) They are less secure d) They have higher fees 4) Select all of the electronic payment methods. a) Cash b) Cryptocurrency c) Digital Wallets d) Gift Cards 5) What is Bitcoin's nickname among traders/investors? a) Satoshi Coin b) Digital Gold c) P-2-Peso d) Token of Trust 6) What year was Bitcoin created? a) 2006 b) 2008 c) 2009 d) 2010 7) What was the first name of PayPal? a) Always has been PayPal b) Conformity c) MoneyMen Inc. d) Inter-Wallet 8) When was the first peer-to-peer payment app created? a) 2007 b) 2003 c) 2009 d) 2006 9) True or False: The first credit card was invented in 1958 a) True b) False 10) When was the first biometric payment method made? a) 2003 b) 1999 c) 2001 d) 2006 11) What year did the first contactless payment method release? a) 2003 b) 1998 c) 2000 d) 1995 12) True or False: Interac E-Transfer is a Canada exclusive service. a) True b) False 13) Which of the following is an example of a biometric payment method? a) Entering your PIN number b) Using your fingerprint c) Signing a reciept d) Entering in your credit card number 14) True or False: AI fraud detection became heavily used by banks in the 2010s a) True b) False 15) What is the purpose of two-factor authentication (2FA) in online payments? a) To simplify the payment process b) To add an extra layer of security c) To speed up transactions d) To eliminate the need for passwords 16) Which one of these was the first peer-to-peer payment app? a) Zelle b) Venmo c) CashApp 17) True or False: Cryptocurrencies run on a technology called "Blockchain" a) True b) False 18) What is the main advantage of biometric payments? a) Lower transaction fees b) Unique for every person c) Access to exclusive discounts d) Can be used anywhere 19) Which one of these is NOT a digital wallet? a) Apple Pay b) Google Pay c) eBay d) PayPal 20) True or False: The first Point of Sale system was made by Walmart. a) True b) False

Electronic Payment Methods quiz

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