In about 100 words, explain why an acquiring bank would normally evaluate the creditworthiness of a business
Question:
In about 100 words, explain why an acquiring bank would normally evaluate the creditworthiness of a business before opening a merchant account to process credit card transactions for that business.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (5 reviews)
An acquiring bank is responsible for processing credit and debit card transactions ...View the full answer
Answered By
Isabel Seraspi
I have experience teaching math, science, and English to students of all ages. I have also worked as a tutor in a college setting, helping students with their homework and preparing them for exams.
I believe that tutoring is a great way to help students learn. It allows students to get one-on-one help with their studies, and it gives them the chance to ask questions and get immediate feedback. Tutoring can also be tailored to the individual needs of the student, which is why I believe it is so effective.
I have seen firsthand how tutoring can help students improve their grades and confidence. I have also seen how it can help students who are struggling with a particular subject. I believe that tutoring is a great way to help students learn and succeed in school.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Bonnie Carson has owned and managed her gift and card shop in the Central Shopping Mall for three years. Business has been good, but Bonnie wanted to expand her business. A year ago, she hired a Web...
-
A small consulting company wants to make the switch to QuickBooks Online. All of their expenses are paid at the time they are incurred, so there is no need to track bills in the system. There is only...
-
Lenders tighten or loosen their standards for issuing credit as economic conditions change. One of the criteria lenders use to evaluate the creditworthiness of a potential borrower is her credit risk...
-
When a company's bookkeeper started to prepare the monthly bank reconciliation, the cash account showed a balance of P528.600. At the end of the month, the following information was available from...
-
What does it mean to say managers should organize for both exploration and exploitation?
-
For Problem 9, suppose the average inflation rate over this period was 3.1 percent and the average T-bill rate over the period was 3.9 percent. What was the average real return on the companys stock?...
-
EXCEL Problem Objective: learn how to protect spreadsheets. Required: a. Read the article Keeping Secrets: How to protect your computer from snoops and spies, by Theo Callahan in the July 2007 issue...
-
Mira and Lemma are equal owners of an entity. Each contributed $25,000 cash to the entity. In addition, the entity obtains a loan of $100,000. The profits for the year are $30,000. Determine Mira and...
-
for a retail fashion buyer in New York City answer the following questions: What is the standard beginning wage for this job in the area you want to reside in? b. What is the maximum salary you can...
-
What is a payment card interchange network?
-
What is a store charge card and how is it different from a credit card?
-
The following data was collected for Metal Chain Ltd for the year ended 31 October 2018. Calculate the price, volume and mix variances for the year. Budget Budget selling sales units Product price ...
-
A = 2 . 2 0 pC , B = 7 . 3 0 pC , and C = 3 . 9 0 pC . Given these charges, what would the magnitude and direction of the electric field be at cell A ?
-
A Van de Graaff generator has a 0 . 1 1 mC charge on its conducting spherical terminal. At this distance, what is the magnitude of the force that the field exerts on a 1 . 9 5 \ mu C point charge on...
-
How many millicoulombs ( mC ) of charge is stored in a 1 2 2 F capacitor when 1 5 0 V is applied to it ? 1 \ mu F = 1 0 - 6 C 1 mC = 1 0 - 3 C Your answer should be a number with two decimal places,...
-
Inventories Most inventories owned by Deere & Company and its U.S. equipment subsidiaries are valued at cost, on the last-in, first-out (LIFO) basis. Remaining inventories are generally valued at the...
-
Determine the absolute pressure on the bottom of a swimming pool 3 0 . 0 m by 9 . 0 m whose uniform depth is 2 . 0 m . Determine the total force on the bottom of a swimming pool.
-
For problem find x, y, or b without a calculator. logb e-2 = -2
-
The sales department of P. Gillen Manufacturing Company has forecast sales in March to be 20,000 units. Additional information follows: Finished goods inventory, March 1 . . . . . . . . . . . . . . ....
-
How do different decision-making constituencies in an organization use business intelligence , and what is the role of information systems in helping people working in a group make decisions more...
-
How does building new systems produce organizational change? a. Describe each of the four kinds of organizational change that can be promoted with information technology. b. Define business process...
-
What are the core activities in the systems development process? a. Distinguish between systems analysis and systems design. Describe the activities for each. b. Define information requirements and...
-
Frontier Fabrics has a workers' compensation premium rate of $3.71 per $100.00 of assessable payroll. Based on an actual assessable payroll of $178,900.00 for the previous year, calculate the...
-
A dentist wondered if his appointments were distributed evenly from Monday to Friday each week. He took a random sample of 500 appointments and recorded which day of the week they were booked for....
-
Why is hypothesis testing and verification more useful than assuming unanimity among clients from the same cultural group? REPLY CA
Study smarter with the SolutionInn App