Debit card transactions - Study guides, Class notes & Summaries

Internal control is the organizational plan and all the related measures designed to accomplish which of the​ following? ​(check all that​ apply) A. Ensure​ accurate, reliable accounting records B. Promote operational efficiency C. Safeguard assets D. Encourage employees to follow company policies A. Ensure​ accurate, reliable accounting records B. Promote operational efficiency C. Safeguard assets D. Encourage employees to follow company policies Which of the following are ...

Wise Test Questions and Answers Already Passed What type of transaction occurs when someone uses a pawnshop to get immediate cash for an item? This is known as a secured loan where the item serves as collateral. For someone to qualify for an FHA mortgage, what is usually required? They must generally meet specified income criteria. If an individual has substantial unpaid credit card debt and cannot make payments, what is the recommended course of action? They should infor...

Which of the following does the Federal Reserve use to regulate the nation's money supply? - Answer- C: Monetary policy R:The Federal Reserve uses monetary policy to regulate the nation's money supply. Monetary policy is directed at expanding or contracting the supply of money and credit in the U.S. economy. A cash card generally: - Answer- B: Is purchased with a specific amount of money that can be used to pay for goods or services R: Consumers purchase cash cards for a specific amou...

Proprietary file formats can enhance the look and feel of your Website. Which of the following is a drawback to using proprietary formats? A. Some proprietary formats will not render in Web portals. B. Some proprietary formats require easy to access plug-ins. C. Some proprietary formats have specific MIME types. D. Some proprietary formats limit a disabled person's ability to obtain information. Correct Answer: D. Some proprietary formats limit a disabled person's ability to obtain in...

BTEC Business Review Exam Unit 3 Questions & Answers 2024/2025 Methods of payment - ANSWERSCash, Credit/debit card; Standing orders; Direct debits; Cheque Cheque - ANSWERSa written order directing a bank to pay money Give 2 advantages and 2 disadvantages of using a cheque as a method of payment - ANSWERSAdvantages - low risk form of payment as the cheque can only be cashed by the named payee - Widely accepted for face- to face or postal transactions Disadvantages - viewed as ol...

Methods of payment - Answer-Cash, Credit/debit card; Standing orders; Direct debits; Cheque Cheque - Answer-a written order directing a bank to pay money Give 2 advantages and 2 disadvantages of using a cheque as a method of payment - AnswerAdvantages - low risk form of payment as the cheque can only be cashed by the named payee - Widely accepted for face- to face or postal transactions Disadvantages - viewed as old fashioned - easy to make errors when writing the cheque which can cause p...

CFCI Study Guide Latest Update Already Passed Fraud "Any illegal acts characterized by deceit, concealment, or violation of trust. These acts are not dependent upon the perpetrated by individuals and organizations to obtain money, property, or services; to avoid payment or loss of services; or to secure personal or business ad- vantage." Main types of fraud Internal Fraud and External Fraud Internal Fraud which involves the employees of the company against which the fraud is ...

Which of the following specify the requirements for reserves that a depository institution must maintain at a Federal Reserve Bank? a. Uniform Commercial Code Article 4A b. Federal Reserve Bank Operating Circular 4 c. Regulation D d. Regulation CC - correct answer C Which of the following specifically addresses national banks and their need to evaluate large dollar payment system network risks and requires reporting this to top management and maintaining agreements with all parties that they...

WGU C779 Vocabulary Latest Updated 2024 Already Graded A 3-D Secure An XML-based protocol used by credit card companies to add security to online credit and debit card transactions.

ETA CPP Study Guide 2024 with Complete Solutions NABU, APF and FANF - Answer- MasterCard implemented a new fee, the Network Access and Brand Usage fee (NABU). And following right on the heels of the MasterCard announcement, on July 1, 2009 Visa implemented their U.S. Acquirer Processing Fee (APF). Card brand dues and assessments - Answer- In addition to Interchange, each card brand includes additional fees based on the transaction amount and per transaction. These fees are called dues and...