and
1. Online transactions are also known by the name of
transactions
2. The three key actors in an online transaction are
3. An online transaction is either fully processed or completely undone. (True/False)
4. Online transactions support partial processing. (True/False)
5. Payment processing takes place in two stages-
and
6. Pricing structure for online processing is categorized as
and
Answers
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Answer:
Following are the actors in the credit card system.
The card holder − Customer.
The merchant − seller of product who can accept credit card payments.
The card issuer bank − card holder's bank.
The acquirer bank − the merchant's bank.
The card brand − for example , visa or Master card.
Explanation:
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