Finance Topic 3: Payment Methods 5.0 / 5 based on 1 rating ? BusinessFinance ASOther Created by: Holly WestonCreated on: 15-10-18 10:37 87496231510 Across 1. A card used to withdraw cash from ATMs or branch counters. (4, 4) 5. A service offered by some retailers when customers pay by card. The retailer gives the customer cash and debits the amount of cash handed over from the customer's payment card. (8) 6. An electronic payment out of an account. The amount and frequency of a direct debit payment can vary. (6, 5) 10. An electronic payment out of an account. Standing orders are used to make regular payments of the same amount. (8, 5) Down 2. An electronic payment into an account, for example a salary or benefit payment. (6, 6) 3. A written instruction to the provider (e.g. the bank or building society) to pay a specified amount to a specified person or organisation. (6) 4. A card that can be used to withdraw cash, to make face-to-face transactions in, for example, shops, and to make payments online or over the phone. (5, 4) 7. A pre-printed cheque for a set amount of currency, e.g. 50 or 100 US dollars or euros. A traveller's cheque can be exchanged for local currency or used to make payments while abroad. (10, 6) 8. A paper or online instruction to a provider (e.g. bank or building society) to make a payment from an account. (7) 9. A banker's draft is similar to a cheque but the payment is signed and guaranteed by the financial services provider that issues it, rather than by an individual. Bankers drafts are used for paying large sums of money. (7, 5)
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