Multiple Choice
The process of determining whether a card is active and whether the customer has sufficient funds for the purchase is called
A) settlement.
B) approval.
C) authorization.
D) procurement.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q1: Small online payments,typically under $10,are referred to
Q2: A special system that handles file management,security,input/output,and
Q4: Cash Concentration or Disbursement (CCD)is a type
Q5: Which of the following activates and reads
Q6: Mobile proximity payments involve a special mobile
Q7: Recent surveys by CyberSource indicate that fraudulent
Q8: A _ is a card that has
Q9: Single-purpose cards issued by a specific merchant
Q10: EIPP models include each of the following
Q11: Mobile payment refers to payment transactions initiated