Know your App
This application provides the ability retrieve, add, and update client and consumer bank account details, information and statuses
What is BBA?
What is the yen?
A wire transfer is always reversible if the sender changes their mind.
Fiction - wires are generally difficult to recall once executed; a recall is not guaranteed.
In this Disney movie, a poor young man discovers a magic lamp and takes a royal-sized step toward wealth.
What is Aladdin?
What does IBAN stand for?
What is International Bank Account Number?
This application contains information about TA and VBA issued checks (check number, issue date, amount etc.) from various banks.
What is NEK?
What is the eurozone?
ACH payments can be used for recurring payments such as payroll and monthly bills.
Fact - ACH supports recurring credits and debits.
In this 2001 remake, eleven thieves plan to rob three Las Vegas casinos in a single night.
What is Ocean's Eleven?
In an international wire transfer, what does BIC stand for?
What is Business Identifier Code? it is used to identify a financial institution or other eligible business.
This application supports wire and ACH transmissions to PNC.
What is BP3?
What is the official currency of Switzerland?
What is the Swiss franc?
A bank can always stop an ACH payment after it has been submitted, regardless of its processing status
Fiction - cancellation option depend on timing, processing status, and applicable rules.
In this 1987 film, Gordon Gekko delivers the famous line," Greed, for lack of a better work, is good."
What is Wall Street?
In ISO 20022, what does the message type pacs.008 generally represent?
What is a Financial Institution to Financial Institution Customer Credit Transfer?
This application generates TA and VBA check numbers.
What is CG7?
Which country introduced the plastic polymer banknote into general circulation in 1988, becoming a pioneer in modern polymer currency?
What is Australia?
A payment can be successfully transmitted to a bank but stull fail to reach the intended beneficiary.
Fact - transmission is not the same as final processing or beneficiary receipt.
In this 2003 film, Jordan Belfort builds a fortune as a stockbroker before his extravagant lifestyle and financial crimes catch up with him.
What is the Wolf if Wall Street?
In a payment message, what does "ultimate creditor" identify?
Who is the ultimate party intended to benefit from the funds, when distinguished from the direct creditor or account holder.
This app provides domestic and foreign bank information based on routing number or SwiftCode. The service also returns fraudulent bank information.
What is FIW?
Which country's 100-trillion-dollar banknote became famous during its hyperinflation crisis in the 2000s?
What is Zimbabwe?
A payment send using ISO 20022 is automatically faster than one sent using an older message format.
Fiction - ISO 20022 standardized payment data and messaging; by itself, it does not guarantee faster settlement.
In The Big Short, which financial instrument did Michael Burry and other investors use to bet against the US housing market?
What are credit default swaps (CDS)?
This banking term describes the process of matching a bank's records against a company's internal records to identify discrepancies in transactions or balances.
What is reconciliation.