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?
         
       
      
      
      
          
      
      
          Answer & Explanation
         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.
       
      
      
      
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