Final answer:
The statement regarding ACH transfers is true; debit card transactions directly debit the payer's account and credit the collector's account, while credit card transactions involve a short-term loan from the credit card company.
Step-by-step explanation:
The statement 'The ACH network electronically transfers funds by crediting the collector's bank account and debiting the payer's bank account for the amount of a payment.' is true. When you use a debit card, the money is transferred immediately from your bank account to the seller, similar to writing a check. A debit card transaction instructs your bank to transfer funds directly to the seller's account. On the other hand, a credit card transaction involves a short-term loan. The credit card company pays the seller immediately and then charges the card holder at the end of the billing cycle.