question_answer

After a credit card transaction has been authorized by the issuing bank by sending an authorization code to the merchant, the settlement stage of the process begins. Which of the following is a system type used to process such statements?                                                                                                                     [IBPS PO Mains, 2016]

A)  Multitasking      

B)  Memory Processing

C)  Level Processing

D)  Batch Processing

E)  Online Processing