A set of connections between banks that issue credit cards, the associations that own the credit cards, and merchants' banks is called a(n) _____.
A) check processing system
B) zombie farm
C) interchange network
D) near field communication system

Question

Quizplus · Accepted Answer

An interchange network is a set of connections between banks that issue credit cards, the associations (such as Visa or Mastercard) that own the credit cards, and merchants' banks. This network allows for transactions to occur between different banks, credit card companies, and merchants. A check processing system is a different type of network used to process paper checks, while a zombie farm and near field communication system are not relevant to this context.

A Set of Connections Between Banks That Issue Credit Cards