Banks are more selective about who gets an account for accepting credit cards online because
A) dot com failures have made banks less willing to work with online companies.
B) CNP transactions are less secure and riskier.
C) fees are higher for online processing.
D) online transactions do not produce much revenue for banks.

Question

Quizplus · Accepted Answer

CNP (Card-Not-Present) transactions, such as those conducted online, are generally considered to be riskier than in-person transactions due to the higher chance of fraud, which makes banks more selective about who they approve for credit card processing accounts.

Banks Are More Selective About Who Gets an Account for Accepting