There is never any overlap between the concepts of network and processor. True False Which of the following activities is most profitable to a bank: Holding money (deposits) Lending Money Payment Services Who writes the rules for using cash for payment transactions? The US Treasury The Federal Reserve NACHA No one According to Steve Ellis, the head of innovation at Wells Fargo, customers don't want security simplicity convenience disruption Which generation prefers banking at a local branch for their transactions? Gen Y Gen X Seniors Millenials payment is an example of invisible payments. Google pay Block chain PayPal Amazon's 1-Click When the process is outsourced to a third-party provider, that provider is referred to as a processor provider merchant gateway