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प्रश्न
What is a credit card?
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उत्तर
- A credit card is an electronic payment system normally used for retail transactions.
- A credit card enables the bearer to buy goods or services from a vendor, based on the cardholder’s promise to the card issuer to pay back the value later with the agreed interest.
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संबंधित प्रश्न
Which of the following is correctly matched?
Pick the odd one in the credit card transaction.
Which of the following is true about debit card
- Debit cards cannot be used in ATMs
- Debit cards cannot be used in online transactions
- Debit cards do not need bank accounts
- Debit cards and credit cards are identical in physical properties.
Match the following.
| List A | List B |
| A1) First Digit | B1) Account number |
| A2) 9th to 15th Digit | B2) MII Code |
| A3) First 6 Digits | B3) BIN Code |
| A4) Last Digit | B4) Check digit |
What is a credit card network?
Compare and contrast the credit card and debit card.
Explain briefly Anatomy of a credit card.
Briefly explain the stored value card and its types.
Explain the key players of a credit card payment system and bring out the merits of it.
Which of the following is correctly matched?
