Banking Computers IBPS RRBs Officer CWE Main Exam 2016

  • question_answer Online credit card transactions involve which type of processing?

    A)  Instant processing

    B)  Batch processing

    C)  Manual processing

    D)  Transaction processing

    E)  None of these given as options

    Correct Answer: B

    Solution :

    [b] Online credit card transactions either involve real time processing or batch processing. Real time credit card processing is the faster of the two options and is usedin electronic payment gateways. Batch processing, in which many transactions is sent and then processed as a whole, is common in billing and bill payment. It allows merchants to track multiple transactions together. Unlike real time processing that deals with individual transactions as they occur batch processing typically takes place at the end of the business day.

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