Which of the following involves payments that rely on a bank account and a web-based transfer of funds to or from an established financial account?
A) closed system cards
B) digital precious metals
C) Internet payment services
D) stored value cards

Question

Quizplus · Accepted Answer

Internet payment services are the only option listed that involve web-based transfers of funds to or from an established financial account. Closed system cards and stored value cards rely on pre-loaded funds, while digital precious metals involve transactions of commodities rather than direct payments.

Which of the Following Involves Payments That Rely on a Bank