Question:
a) Outline the concept of the Real Time Gross Settlement (RTGS) system in Mauritius and name the three main system components of the MACSS.
b) Differentiate between ‘Gross Settlement' and ‘Netting' providing suitable examples where necessary to support your answer.
c) There are a number of factors that come into play in determining whether a particular method of e-payment achieves widespread acceptance. Outline any THREE crucial factors.
d) Explain what a digital signature is and how it works?