Question: In a push transaction, one party sends a payment to its correspondent. In a pull transaction, one party receives a payment from the other party.

In a push transaction, one party sends a payment to its correspondent. In a pull transaction, one party receives a payment from the other party. Indicate which of the following transactions is a push transaction:

• Wire transfer 

• Credit transfer 

• Check 

• ACH debit

Step by Step Solution

3.40 Rating (156 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

In a push transaction one party initiates the payment and sends the funds to the recipient In a pull ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Protocols For Secure Electronic Commerce Questions!