The payment device that contains pre-encoded information, such as a pre-authorized credit line, is known as a:

Question

Quizplus · Accepted Answer

None of the options A through D accurately describe a payment device that contains pre-encoded information, such as a pre-authorized credit line. A debit card is linked to a bank account, not a pre-authorized credit line. The other options are not standard terms for such a payment device.

The Payment Device That Contains Pre-Encoded Information, Such as a Pre-Authorized