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What is the basic difference between Cre...

What is the basic difference between Credit Card Authentication and Credit Card Authorization ?

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Credit card Authentication ensures that the credit card number provided by customer is correct . Credit card Authorization ensures availability of funds in the account of the credit card holder.
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Knowledge Check

  • The USP of a Credit Card is

    A
    cashless operations
    B
    only for HNIs
    C
    only for men
    D
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  • What is the carbon credit?

    A
    It is the difference between the carbon emission allowed and actually emitted carbon
    B
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    C
    It is loan given to poor people for buying Modern Stoves
    D
    All of the above
  • Credit Cards are knows as __

    A
    Hard money
    B
    Easy money
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    Soft money
    D
    Plastic money
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