A _____ handles chargebacks and any other reconciliation items.
A) front-end processor
B) back-end processor
C) clearing house
D) payment gateway

Question

Quizplus · Accepted Answer

The back-end processor is responsible for handling chargebacks and other reconciliation items. The front-end processor handles the authorization and capture of transactions, while the payment gateway is responsible for securely transmitting transaction data. The clearing house is a separate entity that settles transactions between financial institutions.

A _____ Handles Chargebacks and Any Other Reconciliation Items