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(Solved): Which statement is NOT true? Option A After swiping the card, network sends information to the iss ...



Which statement is NOT true? Option A After swiping the card, network sends information to the issuer in real time. Option B Issuer bank performs authentication tasks and sends approval message to merchant’s processing device, routed through the network. Option C Credit card payment is to use bank's money to temporarily fund the purchase. Option D Credit card is an optimal payment solution for time-critical transactions because the settlement is in real time. Option E If the credit card user defaults on the credit card bill, the merchant will incur loss.



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