Finance Topic 3: Payment Methods

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B N T Y U U Q P S F W E W V W N J V Q N S
H K C N W N Y F T F E U W V L B H T Y P M
L A M V M P D A A I Q Q M C X M H T E F U
U J S E K G T S N E F E J B R H X P T F A
R V D X H F R T D D J H I S H B D G R C Y
S D R A W Q A E I R U C C V V A Y U A Q K
I W A I L I N R N A T S D W I K D C N Q P
M J C X T D S P G C I R J R H O I B S W I
Q Y D P F C A A O S B E O L Y Q R W A N H
X Y I P A U C Y R S E L G C K K E S C D R
B Q A X R L T M D E D L A D M S C C T R O
U A P R D J I E E L T E L W J C T Q I S O
B E E A S O O N R T C V H D M T C R O E P
G J R C R S N T F C E A L X C A R X N Q D
T R P X E B N S I A R R A Y S I E D U R S
U G L R K U E P E T I T J F I H D V P J J
H N A K N N E R F N D J Y J G E I X U L X
W B O I A R D E T O H L P R I G T X V B H
M M W J B H R O D C P I V H A K P B V U C
G Q H M C H T W K G N C O V F B B D I L O
O G N S K M O X B S U F N Q G K W Q B P A

Clues

  • 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)
  • A card that can be read simply by holding it in front of a card reader. it is used for low-value payments. (11, 4)
  • A card that has to have money credited to it before the card holder can use it to pay for goods. Once the initial sum of money on the card runs out, it can be topped up again. Some prepaid cards can be loaded with foreign currency and used abroad. (7, 5)
  • 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)
  • An electronic payment into an account, for example a salary or benefit payment. (6, 6)
  • An electronic payment out of an account. Standing orders are used to make regular payments of the same amount. (8, 5)
  • An electronic payment out of an account. The amount and frequency of a direct debit payment can vary. (6, 5)
  • An electronic payment service that enables payments to be made within two hours. (6, 8)
  • Buying or selling something. (11)
  • The reason why someone needs to make a payment, e.g. needing to top up your phone credit so that you can use your phone is a transaction need. (11, 4)

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