You Want Your New Company to Move Toward Cashless Transactions

You want your new company to move toward cashless transactions. You know that this method has grown enormously in Canada and you feel confident that it will work for you. Which of the following statements is false with respect to cashless transactions?

A) Credit cards are protected by the Bills of Exchange Act
B) Merchants pay a fee to a card issuer to participate in electronic payments
C) Debit cards are not protected by the Bills of Exchange Act
D) E-banking has reduced the use of cheques in Canada