True or false about digital payment rules

Exercise and reference answers

Questions

1. Statement is true

   Yes

   Statement

   A balance enquiry is a non-financial transaction.

2. Statement is true

   No

   Statement

   One password alone is enough to authorise a transfer.

3. Statement is true

   Yes

   Statement

   At least one factor must be dynamic.

4. Statement is true

   No

   Statement

   A broken session may simply be left open.

5. Statement is true

   Yes

   Statement

   Users must be able to disable a registered device.

6. Statement is true

   Yes

   Statement

   Transaction velocity is a monitoring parameter.

Instructions

Decide whether each statement is true or false.

Explanation