Cummins Interview Questions and Answers

Payments refer to the transfer of money from one party to another for goods or services rendered.

• Payments can be made through various channels such as credit/debit cards, online banking, mobile wallets, etc.

• The architecture of payments involves multiple layers such as payment gateway, acquiring bank, issuing bank, and card networks.

• Payment architecture also includes security measures such as encryption, tokenization, and fraud detection.

• Examples of payment systems include Pay...read more

Cut off is used to define the end of a transaction.

• Cut off is a point in time after which any transaction will be considered for the next day's processing.

• It is used to ensure that all transactions are processed in a timely manner.

• For example, a bank may have a cut off time of 5 pm for processing transactions for the day.

• Any transaction made after 5 pm will be processed on the next business day.

I used OOPs concepts in a project to create a class hierarchy for different types of users.

• I created a base class 'User' with common attributes like name, email, and role.

• I then created subclasses like 'AdminUser' and 'RegularUser' with specific attributes and methods.

• I utilized inheritance to avoid code duplication and polymorphism for flexibility in method implementation.

NEFT and RTGS messages are of two types: Customer Transfer and Interbank Transfer.

• NEFT messages can be of two types: Customer Transfer and Interbank Transfer.

• RTGS messages can also be of two types: Customer Transfer and Interbank Transfer.

• Customer Transfer messages are used for transferring funds between accounts of different banks for a customer.

• Interbank Transfer messages are used for transferring funds between accounts of different banks for an interbank transaction.

There are multiple structures in SAP HCM for different purposes.

• There are structures for personnel administration, organizational management, time management, payroll, and benefits

• Examples include P0000 for personnel administration, P0105 for organizational management, and P2006 for benefits

• Structures are used to store and organize data in SAP HCM