In a(n)____ system, the card issuer pays the merchants that accept the card directly and does not use an intermediary, such as a bank or clearinghouse system.

Name: In a(n)____ system, the card issuer pays the merchants that accept the card directly and does not use an intermediary, such as a bank or clearinghouse system.
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Question

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In a closed loop system, the card issuer handles transactions directly with merchants without involving intermediaries like banks or clearinghouses.

In A(n)____ System, the Card Issuer Pays the Merchants That