All of the following are characteristics of debit cards EXCEPT:
A)payments are deferred until a later date
B)they can be used like checks
C)they eliminate the problem of trust since the bank's computer authorizes the transaction
D)when used at a store, his bank instantly credits the store's account with the amount and deducts it from his account.

Question

Quizplus · Accepted Answer

Debit cards do not allow payments to be deferred until a later date, unlike credit cards.

All of the Following Are Characteristics of Debit Cards EXCEPT