Cards and Payments Domain Interview questions

Cards and Payments Domain Interview questions

-What is Payment Gateway?

-What is BIN?

-What is MTI? Different codes of MTI ?

-Explain the transactional cycle in the cards and Payments?

-What is reconcillation process and when does it work?

-What is ISO? and Types oF ISO ?

-What is clearing and settlement ?

-Explain the different roles involved of the merchant bank in the cards and payments?

-What is authorization and authentication ?

-What is single message system and dual message system ?

-What is POS? and how it works ?

-What is the digit format to indicate the credit card and debit card number?

-What is MMS and ESB card allocation ?

-How you can define ON US/OFF US transaction ?

-What is Payment Schemes ?

-What is Multi currency wallet and single Currency wallet?

-What is batch closure?

-What is abbreviation of zpk / bdk / zmk ? in cards

-What is Offline Advice ? and concept of adjustment ?

-How the process of offline Transaction get submitted ?

-What are the different exceptional cases in the failure of the transaction ?

-How will you identify format of the card wheter it is a debit or credit card while checking out the transaction done by the user?

-What is the issuer bank ?

- Explain the concept of the prepaid in the cards and payments ?

-What is MSP?

-What are different types of transactional codes ?

-What is the authorization response and the request code for the MTI ?

-What is the full form of CVV ?

- What is cross border payments ?

-Explain charge back concept ?

-Explain tokenization in Payments ?

-What is capture file and clearing process flow?

-What is PCI DSS?

-What is Swift Payments and P2P, A2A transfer?

-What is SEPA and concept of Insta Payment

-Explain  ISO 8583, ISO 20022?

-What is FIX ?

-What is file maintenance error code and explain the batch file ?

- What is Burp Suite ? explain tool functioning of this tool ?

- Explain the process how you handle the processing stage in the burp suite?