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Direction: Data communication networks and EFT (Electronic Funds Transfer) systems play a crucial role in the functioning of banks. A data communication network allows different bank branches and departments to communicate with each other and with other banks securely and efficiently. With the advent of modern technology, these systems have become more advanced. In addition to providing convenience to customers, these systems have also increased the speed and efficiency of banking operations, leading to better customer service and improved profitability for banks.Q. How does CHAPS protect high-value payments and messages?a)By passing them through authentication techniquesb)By limiting the number of participantsc)By settling payments within secondsd)By recalling payments if necessaryCorrect answer is option 'A'. Can you explain this answer? for Bank Exams 2024 is part of Bank Exams preparation. The Question and answers have been prepared according to the Bank Exams exam syllabus. Information about Direction: Data communication networks and EFT (Electronic Funds Transfer) systems play a crucial role in the functioning of banks. A data communication network allows different bank branches and departments to communicate with each other and with other banks securely and efficiently. With the advent of modern technology, these systems have become more advanced. In addition to providing convenience to customers, these systems have also increased the speed and efficiency of banking operations, leading to better customer service and improved profitability for banks.Q. How does CHAPS protect high-value payments and messages?a)By passing them through authentication techniquesb)By limiting the number of participantsc)By settling payments within secondsd)By recalling payments if necessaryCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Bank Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Data communication networks and EFT (Electronic Funds Transfer) systems play a crucial role in the functioning of banks. A data communication network allows different bank branches and departments to communicate with each other and with other banks securely and efficiently. With the advent of modern technology, these systems have become more advanced. In addition to providing convenience to customers, these systems have also increased the speed and efficiency of banking operations, leading to better customer service and improved profitability for banks.Q. How does CHAPS protect high-value payments and messages?a)By passing them through authentication techniquesb)By limiting the number of participantsc)By settling payments within secondsd)By recalling payments if necessaryCorrect answer is option 'A'. Can you explain this answer?.

Solutions for Direction: Data communication networks and EFT (Electronic Funds Transfer) systems play a crucial role in the functioning of banks. A data communication network allows different bank branches and departments to communicate with each other and with other banks securely and efficiently. With the advent of modern technology, these systems have become more advanced. In addition to providing convenience to customers, these systems have also increased the speed and efficiency of banking operations, leading to better customer service and improved profitability for banks.Q. How does CHAPS protect high-value payments and messages?a)By passing them through authentication techniquesb)By limiting the number of participantsc)By settling payments within secondsd)By recalling payments if necessaryCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Bank Exams. Download more important topics, notes, lectures and mock test series for Bank Exams Exam by signing up for free.

Here you can find the meaning of Direction: Data communication networks and EFT (Electronic Funds Transfer) systems play a crucial role in the functioning of banks. A data communication network allows different bank branches and departments to communicate with each other and with other banks securely and efficiently. With the advent of modern technology, these systems have become more advanced. In addition to providing convenience to customers, these systems have also increased the speed and efficiency of banking operations, leading to better customer service and improved profitability for banks.Q. How does CHAPS protect high-value payments and messages?a)By passing them through authentication techniquesb)By limiting the number of participantsc)By settling payments within secondsd)By recalling payments if necessaryCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Direction: Data communication networks and EFT (Electronic Funds Transfer) systems play a crucial role in the functioning of banks. A data communication network allows different bank branches and departments to communicate with each other and with other banks securely and efficiently. With the advent of modern technology, these systems have become more advanced. In addition to providing convenience to customers, these systems have also increased the speed and efficiency of banking operations, leading to better customer service and improved profitability for banks.Q. How does CHAPS protect high-value payments and messages?a)By passing them through authentication techniquesb)By limiting the number of participantsc)By settling payments within secondsd)By recalling payments if necessaryCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Direction: Data communication networks and EFT (Electronic Funds Transfer) systems play a crucial role in the functioning of banks. A data communication network allows different bank branches and departments to communicate with each other and with other banks securely and efficiently. With the advent of modern technology, these systems have become more advanced. In addition to providing convenience to customers, these systems have also increased the speed and efficiency of banking operations, leading to better customer service and improved profitability for banks.Q. How does CHAPS protect high-value payments and messages?a)By passing them through authentication techniquesb)By limiting the number of participantsc)By settling payments within secondsd)By recalling payments if necessaryCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Direction: Data communication networks and EFT (Electronic Funds Transfer) systems play a crucial role in the functioning of banks. A data communication network allows different bank branches and departments to communicate with each other and with other banks securely and efficiently. With the advent of modern technology, these systems have become more advanced. In addition to providing convenience to customers, these systems have also increased the speed and efficiency of banking operations, leading to better customer service and improved profitability for banks.Q. How does CHAPS protect high-value payments and messages?a)By passing them through authentication techniquesb)By limiting the number of participantsc)By settling payments within secondsd)By recalling payments if necessaryCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Direction: Data communication networks and EFT (Electronic Funds Transfer) systems play a crucial role in the functioning of banks. A data communication network allows different bank branches and departments to communicate with each other and with other banks securely and efficiently. With the advent of modern technology, these systems have become more advanced. In addition to providing convenience to customers, these systems have also increased the speed and efficiency of banking operations, leading to better customer service and improved profitability for banks.Q. How does CHAPS protect high-value payments and messages?a)By passing them through authentication techniquesb)By limiting the number of participantsc)By settling payments within secondsd)By recalling payments if necessaryCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice Bank Exams tests.