In which of the following ways is the processing of PIN debit cards similar to that of signature debit cards? 1. In both cases, payment is not approved unless the cardholder has sufficient funds in his checking account. 2. The same method is used in both cases to verify the cardholders identity at the point of sale. 3. In both cases, settlement occurs through a transfer of funds from the cardholders bank to the merchants bank.

Group of answer choices

1 only

2 and 3

1 and 3

2 only