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VISA QUIZ@IIT Madras

THEME – Payment Industry

In his fascinating 1888 sci-fi novel "Looking Backward 2000-1887" , American writer Edward Bellamy envisions a utopian world with a concept that has now become an indispensable part of our lives ; Bellamy was the first to write about anything pertaining to this , forty years before anyone else.

What avant-garde idea ?

1.

This 1932 Frank Capra classic melodrama , set in the backdrop pf  the Great Depression , thematically anticipates Capra's 1946 classic It's a Wonderful Life, in which Capra repeats the "run on the bank" scene.

It is loosely based on the life of an immigrants sympathesizer. Which personage am I talking about ?

2.

• This portmanteau is created out of two words - first one might remind you of a field of study in mathematics that studies the behavior of dynamical systems that are highly sensitive to initial conditions (if you are into pop culture , then you might be more familiar with the colloquial term pertaining to the same illustrated in flicks like Run Lola Run , Back to the Future Part II and a 2004 Ashton Kutcher starrer ) - second word is of Latin origin and originally referred to a row of threads in a loom.

• Which compound word am I talking about which was first conceived at a dinner speech and which also features in one of the books by the founder of Visa , Dee Hock ?

• Clue – Dee Hock has been particularly interested in forms of organization that are neither rigidly controlled nor anarchic

3.

4.

The Automated Cash Teller Machine Cards (ATM Cards) originally were designed to have 6 digit PIN, but later it was resorted to four digits for a specific reason.

What was the reason of this change ?

(Question ignores exceptions like Kotak Mahindra , few in Hong Kong and Shenzhen , and other banks if any - no offence)

$160 billion Allergan and Pfizer

$117.4 billion Anheuser Busch Inbev and SABMiller

$81.5 billion Royal Dutch Shell and BG Group

$79.6 billion Charter Communications and Time Warner Cable

$68.6 billion Dow Chemical and DuPont

$66 billion Dell and EMC

$23.4 billion ? ? ?

5.

• This is Matt.• Matt worked once as a

videogame developer.• However , instead of creating

violent video games , Matt chose to tread a different path altogether.

• Matt got hired by Visa as well for one of their major campaigns.

• Matt’s awesome.• Be like Matt.

6. What did Matt do ?

7. Visa entered this unique list in 2006 , thanks to the exodus of a major French media conglomerate .

There have been 16 changes in the list so far .

The list consists(ed) of giants ranging from the airways to media to petroleum to banking , etc .

Which 'one-of-its-kind' list am I talking about ?

8.

Mastercard , American multinational financial services corporation , has experimented last year with a payment system that allows the authorization of the transactions by users through the new 'vogue' on the social media block.

So which fad did they make use of ?

• There are only two Fortune 500 companies that have a very close connection to the anatomy of the state of California so to speak.

• One of them has its parent company origin in the delinquency of Italian immigrants in early 1900s while the other one is a tech giant in its sphere , founded in 80s , by a husband and wife.

• What on the earth am I talking about ? Give me detailed funda , if possible.

9.

• This NFC based payment technology was formed out of a joint venture among AT&T, T-Mobile and Verizon.

• Last year , it got acquired by Google and integrated into Google Wallet service.

• However , just a year before that , it underwent a change in name because it led to a fallacious belief and the company wanted to end the association with something contemptible .

• The name and give funda.

10.