CCM CCM Payment Systems & Technology

Question 1

Which payment rail is used for large-value, time-critical domestic US payments?

Accepted Answer

Fedwire

Answer

ACH

Answer

SWIFT

Answer

Zelle

Question 2

ACH (Automated Clearing House) transfers are best suited for:

Accepted Answer

High-volume, low-value batch payments such as payroll

Answer

Real-time large-value corporate payments

Answer

International wire transfers requiring immediate settlement

Answer

Cross-currency foreign exchange settlements

Question 3

Same Day ACH is primarily designed to:

Accepted Answer

Enable faster settlement of ACH transactions within the same business day

Answer

Eliminate the need for wire transfers entirely

Answer

Process international payments on an overnight basis

Answer

Replace real-time gross settlement systems like Fedwire

Question 4

SWIFT messaging is primarily used for:

Accepted Answer

International bank-to-bank financial messaging

Answer

Domestic retail consumer payments

Answer

Real-time gross settlement of US dollar payments only

Answer

ACH batch processing and file delivery

Question 5

Which payment method offers the highest level of payment finality and irrevocability?

Accepted Answer

Wire transfer via Fedwire

Answer

ACH credit transfer

Answer

Check payment

Answer

Corporate purchasing card

Question 6

A virtual account structure in treasury management allows companies to:

Accepted Answer

Segment and track cash flows by entity or purpose within one physical bank account

Answer

Replace physical bank accounts with software simulations only

Answer

Facilitate cryptocurrency transactions across borders

Answer

Process international ACH payments in multiple currencies