Question

While making payment using electronic check, credit and debit cards, the server authenticates the customers and verifies with the bank that funds are adequate before purchase?

1) True
2) False

Answer 1

The statement is true; when using electronic checks, credit cards, or debit cards for payment, the server authenticates the customer and verifies with the bank that there are adequate funds or credit before completing the purchase. option 1 is correct.

Step-by-step explanation:

When making a payment using electronic check, credit cards, and debit cards, the server does indeed authenticate the customer and verifies with the bank that adequate funds are available before completing the purchase. This is true for debit cards especially, as they allow the holder to transfer money electronically from their bank account when making a purchase.

This is real money, as opposed to credit cards which allow purchases on credit that the cardholder pays back later. For credit cards, the server checks to see if the purchase is within the customer's credit limit. Both types of cards involve an authentication process to protect against fraud and ensure that the payment can be made.