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:

Related Book For book-img-for-question

Electronic Commerce

ISBN: 9781305867819

12th Edition

Authors: Gary Schneider

See More Books

Question Posted: Apr 06, 2023 11:12 AM

See More 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...
For 20X1, Silvertip Construction, Inc., reported income from continuing operations (after tax) of $1,650,000. On November 15, 20X1, the company adopted a plan to dispose of a component of the...
A balance run using a trial weight placed at a 6-inch radius has called for a final weight of 210 g. The final weight is to be welded to the face of the fan at a radius of 18 inches using a -inch...
The unadjusted trial balance of Laundry Basket at January 31, 2012, the end of the current fiscal year, is shown below. The data needed to determine year-end adjustments are as follows: a. Wages...
You need to take an Excel course. You may enroll in one within your school or you may take a community class at the local library. You've gathered the following information to aid in your...
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 ...
Define and explain the significance of the term CMA.
For each of the following situations, calculate the standard error of the mean $s \mathrm{X}^{-}$. a. $s=5.00 ; N=16$ b. $s=17.82 ; N=10$ c. $s=2.31 ; N=37$ d. $s=51.32 ; N=21$
For each of the following situations, calculate the degrees of freedom $(d f)$ and determine the critical values of $t$. a. $N=10 ; \mathrm{a}=.05 ; \mathrm{H}_{1}: \mu eq 5$ b. \(N=20 ;...
If 6 of 18 new buildings in a city violate the building code, what is the probability that a building inspector, who randomly selects 4 of the new buildings for inspection, will catch (a) none of the...
Why do sample surveys have predetermined margins of error?
Nan-Clean is a newly developed cleaning liquid for milk bottles that uses special enzymes to remove dirt effectively. Nan-Clean has been positioned as a product that is made of natural ingredients...
What challenges do you envision for Buckley in attempting to maintain his current organizational structure?
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....
Consider the market for private college education. If tuition at public colleges increases., what will happen in the market for private college education? What market curve of private colleges will...
BIG Company purchases 25 percent of SMALL Company for $400,000 in cash. BIG can exercise significant influence over the investee; thus, the equity method is appropriately applied. The acquisition is...
A trial balance failed to agree because the credit side exceeds the debit side by $2,347. A suspense account has been opened into which the difference is entered. Subsequently the following errors...

In one or two paragraphs, explain the difference between an open loop and a closed loop payment

Question:

Step by Step Answer:

Open loop and closed loop are two different types of payment card processing systems An open loop pa...View the full answer

Electronic Commerce

Students also viewed these Business questions