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Zorluk: OrtaElectronic Banking Services and Payment Systems

Arrange the following operational steps involved in completing a payment via Nigeria Quick Response (NQR) merchant scanning code in the correct sequential order from start to finish.

  1. 1The customer opens their mobile banking application and scans the merchant's displayed QR code.
  2. 2The application decodes the merchant's bank details and prompts the customer to input the transaction amount.
  3. 3The customer verifies the payment details and enters their transaction PIN to authorize the account debit.
  4. 4The customer's bank validates available funds and routes the credit transaction through the central interbank switch system.
  5. 5The merchant's bank account receives the credit value instantly and real-time transaction alerts are dispatched to both parties.

Cevap

The correct operational sequence is: Scanning the QR code -> Decoding merchant details and inputting amount -> Entering transaction PIN -> Routing via interbank switch -> Instant crediting and notification.
The workflow begins with scanning the merchant code, decoding information to input the amount, authenticating with a security PIN, interbank switch routing, and concluding with instant account credit and confirmation alerts.

Adım Adım Çözüm

1
Scan merchant QR code
Establishes connection between customer app and merchant payment profile.
The customer must first capture the merchant's encoded banking identifiers.
2
Input transaction value
Sets the monetary amount to be transferred.
Merchant details must be parsed before specifying the exact purchase value.
3
Authenticate payment with PIN
Authorizes the originating bank to debit customer funds.
Security protocol requires user authorization before fund movement.
4
Interbank switch routing
Directs funds from the customer's bank to the merchant's acquiring bank.
The central switch network validates and routes interbank transfer requests.
5
Settlement and notification
Merchant account is credited and both parties receive transaction alerts.
Final stage of instant payment systems provides immediate confirmation.

Anahtar Kavram

NQR Payment Processing Workflow
Tahmini Süre:1m 30s
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Konular

Electronic Banking Services and Payment Systems

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