Which of the following participants in the online card payment process is the financial institution that provides card services to banks?

Question

Quizplus · Accepted Answer

Credit card associations, such as Visa and MasterCard, are organizations that provide card services to banks and govern the terms of card transactions, but they are not the financial institutions that directly issue cards to consumers or directly handle consumer bank accounts. The issuing bank is the correct answer as it is the financial institution that provides card services directly to consumers.

Which of the Following Participants in the Online Card Payment