NAMA Payment Systems & Cashless Technology 2

Question 1

What is the approximate maximum communication range for an NFC contactless payment transaction at a vending machine?

Accepted Answer

4 centimeters (about 1.5 inches)

Answer

30 centimeters (about 12 inches)

Answer

1 meter (about 3 feet)

Answer

10 meters (about 33 feet)

Question 2

What does PCI DSS stand for?

Accepted Answer

Payment Card Industry Data Security Standard

Answer

Private Commerce Interface Digital Security System

Answer

Point-of-Card Interchange Data Safety Standard

Answer

Payment Compliance Integration and Data Security Standard

Question 3

A customer claims a vending machine charged their card but did not dispense the product. If the customer disputes the charge through their bank, what is this called?

Accepted Answer

A chargeback

Answer

A refund request

Answer

A void transaction

Answer

An interchange dispute

Question 4

Which technology allows a vending machine's cashless payment system to transmit transaction data directly to back-office management software in real time?

Accepted Answer

Cellular or Wi-Fi wireless telemetry connectivity

Answer

Bluetooth Low Energy (BLE) only

Answer

DEX (Data Exchange) cable only

Answer

Manual USB download

Question 5

An open-loop cashless payment system at a vending machine is best described as one that:

Accepted Answer

Accepts standard payment credentials (credit/debit cards, mobile wallets) usable anywhere

Answer

Requires pre-registration and only works at machines owned by one operator

Answer

Uses only QR codes generated by the operator's proprietary app

Answer

Requires a physical key card issued by the building owner

Question 6

What is the main advantage of QR-code-based payment at vending machines compared to NFC?

Accepted Answer

QR payments work on smartphones without NFC hardware, broadening compatibility

Answer

QR payments are faster than NFC

Answer

QR payments have lower interchange fees than NFC

Answer

QR codes eliminate the need for internet connectivity

Question 7

Which NAMA initiative has been central to promoting cashless payment adoption across the U.S. vending industry?

Accepted Answer

NAMA's Cashless Ready program

Answer

NAMA's CashFirst mandate

Answer

NAMA's Digital Coin Conversion Act

Answer

NAMA's Federal Reserve Payment Integration Plan