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1
Q:

After a credit card transaction has been authorized by theissuing bank by sending an authorization code to themerchant, the settlement stage of the process begins. Whichof the following is a system type used to process suchstatements?

A) Multitasking B) Memory Processing
C) Level Processing D) Batch Processing

Answer:   D) Batch Processing



Explanation:

After a credit card transaction has been authorized bythe issuing bank by sending an authorization code tothe merchant, the settlement stage of the processbegins. This is called batch processing because anumber (or batch) of transactions is settled all at onetime.

Subject: Computer
Exam Prep: Bank Exams
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