In one or two paragraphs, explain the difference between an open loop and a closed loop payment
Question:
In one or two paragraphs, explain the difference between an open loop and a closed loop payment card processing system.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (4 reviews)
Open loop and closed loop are two different types of payment card processing systems An open loop pa...View the full answer
Answered By
Isabel Seraspi
I have experience teaching math, science, and English to students of all ages. I have also worked as a tutor in a college setting, helping students with their homework and preparing them for exams.
I believe that tutoring is a great way to help students learn. It allows students to get one-on-one help with their studies, and it gives them the chance to ask questions and get immediate feedback. Tutoring can also be tailored to the individual needs of the student, which is why I believe it is so effective.
I have seen firsthand how tutoring can help students improve their grades and confidence. I have also seen how it can help students who are struggling with a particular subject. I believe that tutoring is a great way to help students learn and succeed in school.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Explain the difference between an open system and a closed system. Can you give an example of a closed system? How is the stakeholder approach related to the concept of open and closed systems?
-
Explain the difference between a closed economy and an open economy. Explain also how the pursuit of internal equilibrium will be different between two types of the economies.
-
In one or two paragraphs, explain the difference between a network access provider and an Internet service provider.
-
Mazlin Limited purchased a machine on account on April 2, 2015, at an invoice price of $360,000. On April 4, it paid $2,000 for delivery of the machine. A one-year, $4,000 insurance policy on the...
-
Why do you think open innovation has become popular in recent years? What steps might a company take to be more open with innovation? What might be some disadvantages of taking an open innovation...
-
In connection with his audit of the financial statements of Knutson Products Co., an assembler of home appliances, for the year ended May 31, 1999, Ray Mendez is reviewing with Knutson's controller...
-
Write a computer program for finding the period of vibration corresponding to Eq. (13.14). Use a suitable numerical integration procedure. Using this program, find the solution of Problem 13.45. Data...
-
ABC Inc. and XYZ Co. are the two dominant companies providing chargers, adapters, and other accessories for cell phones. Each of these Silicon Valley companies is developing a new line of smartphone...
-
There are four key components of a company's financial statements: Income Statement, Statement of Equity/Capital (Changes in Capital/Equity), Balance Sheet (Statement of Financial Position), and...
-
In one or two paragraphs, describe the role of an acquiring bank in processing online payment transactions.
-
The sound produced by a jet engine was measured at a distance of 100 m in all directions. The loudness of the sound d (in decibels) was found to be d = 115 + 10 cos, where the 0 line for the angle ...
-
Match the terms in the first column with an appropriate definition from the second column. Terms (a) Breakeven analysis (b) Sensitivity analysis (c) Risk analysis Definitions (1) Determining how the...
-
Cobb, an unmarried individual, had an adjusted gross income of $200,000 in 2023 before any IRA deduction, taxable Social Security benefits, or passive activity losses. Cobb incurred a loss of $30,000...
-
Absa's new logo has been the focus of some animated, and at times cutting, news and social media debate. Not everyone has found it appealing. One Twitter user went so far as to say that it looked...
-
How do regulatory frameworks and compliance standards, such as the Payment Card Industry Data Security Standard (PCI DSS) and the European Unions Revised Payment Services Directive (PSD2), influence...
-
Does monopoly have any positive effects on the market and consumers? To what extent, if any, do these benefits outweigh the negative effects of excessive market power that a monopoly generates?
-
Endeavor Corp. has provided the following sales forecast for the first half of the year: Month Sales ( in $ ) January 5 0 , 0 0 0 February 6 0 , 0 0 0 March 7 0 , 0 0 0 April 8 0 , 0 0 0 May 9 0...
-
The Internet, if viewed from a global client/server perspective, generally consists of Web servers and their associated databases and other data repositories on the server side and various Web...
-
Test your confidence in the following Project Decisions: SI. # Question 01 02 03 04 05 06 07 08 09 10 How many years did it take to construct the largest Egyptian Pyramid- Pyramid of Cheops? When was...
-
What major factors are driving the internationalization of business? a. List and describe the five major dimensions for developing an international information systems architecture. b. Describe the...
-
What are the alternative strategies for developing global businesses? a. Describe the four main strategies for global business and organizational structure. b. Describe the four different system...
-
What are the challenges posed by global information systems and management solutions for these challenges? a. List and describe the major management issues in developing international systems. b....
-
1. This is a group assignment, and the lecturer will create and finalize assignment groups in week 3/4. (4-5 members in each group). 2. Identify a problem (only one problem relating to OB) in an...
-
Which is the fastest form of RAM but also the most expensive. Due to its cost it is not used as main memory but rather for cache memory.?
-
Due to erratic sales of its sole product-a high-capacity battery for laptop computers-PEM, Incorporated, has been experiencing financial difficulty for some time. The company's contribution format...
Study smarter with the SolutionInn App