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?
-
ABC, product costing at banks, cross-subsidization. First International Bank (FIB) is exam ining the profitability of its Premier Account, a combined savings and chequing account. Depositors receive...
-
The following are the financial statements of Prospect plc for last year and this year: l Return on net assets l Return on equity l Gross profit margin l Net profit margin l Stockholding period l...
-
The Maser is a new custom-designed sports car. An analysis of the task of building the Maser reveals the following list of relevant activities, their immediate predecessors, and their duration: (a)...
-
Could you help me check these ratios? Based on these ratios could you provide some strategies in terms of profitability, liquidity and financial position? THE COMPANY: ACTON CLEANING Emma Dione...
-
What is a payment card interchange network?
-
What is a store charge card and how is it different from a credit card?
-
Match the geometric sequence with its graph. [The graphs are labeled (a), (b), (c), and (d).] (a) (b) (c) (d) 1. an = 18(2 / 3)n-1 2. an = 18(-2 / 3)n-1 3. an = 18 (3 / 2)n-1 4. an = 18(- 3 / 2)n-1...
-
How do you demonstrate resilience as a leader during times of crisis or uncertainty, and what steps do you take to bolster your team's resilience ?
-
What would you do if it becomes clear to you that the potential successor you were grooming is not going to make the grade as a supervisor? What are your next steps? Do you think this grooming is...
-
How do services and products differ? What kind of decisions do companies make regarding products and services? Why are brands important to marketers? How do marketing strategies change during the...
-
What leadership principles do you feel you possess that are important for APRNs to exhibit? What principles do you need to explore to be more confident in performing? Which leadership style do you...
-
Question 1- Where do you go in the Courier to find out your amount of leftover inventory for a specific product last round? Based on the production tab of the worksheet I gave you; how do you use...
-
Describe how big data can help football managers to make better decisions and how this has an effect on the decision-making process.
-
Based on the scenario described below, generate all possible association rules with values for confidence, support (for dependent), and lift. Submit your solutions in a Word document (name it...
-
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...
-
Pottery Ranch Inc. has been manufacturing its own finials for its curtain rods. The company is currently operating at 100% of capacity, and variable manufacturing overhead is charged to production at...
-
3. How much life insurance do you need? Calculating resources - Part 2 Aa Aa E Paolo and Maria Rossi have completed Step 1 of their needs analysis worksheet and determined that they need $2,323,000...
-
On March 1, LGE asks to extend its past-due $1,200 account payable to Tyson, Tyson agrees to accept $200 cash and a 180-day, 8%, $1,000 note payable to replace the account payable. (Use 360 days a...
Study smarter with the SolutionInn App