A front-end processor handles chargebacks and any other reconciliation items through the interchange network and the acquiring and issuing banks.
Correct Answer:
Verified
Q1: American Express and Discover Card are examples
Q2: Credit cards provide assurances for both the
Q3: Credit card issuers charge interest on any
Q4: In an online storage system, the merchant
Q5: Charge cards involve lines of credit and
Q7: Store-value cards are safer than magnetic strip
Q8: Online and telephone purchases include a minimal
Q9: For merchants, payment cards provide fraud protection.
Q10: Magnetic strip cards can send and receive
Q11: Digital cash can be easily traced back
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents