Multiple Choice
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.
A) open loop
B) closed loop
C) virtual loop
D) direct loop
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q8: Concerns about electronic payment methods include privacy
Q25: What are the advantages and disadvantages of
Q65: A(n)_ obtains authorization for the transaction by
Q66: The Check Clearing for the 21st Century
Q68: A(n) _, serving a function similar to
Q69: Yahoo! wallet is a(n)_-side electronic wallet offered
Q71: U.S.laws define organized crime, also called _,
Q72: Transferring electronic cash on the Internet costs
Q73: _ is spending a particular piece of
Q75: Microsoft Windows _ is a single sign-in