A system which allows a consumer to transfer funds from a bank account to the merchant's bank account to pay for merchandise purchased is known as a:
A) buying facilitation system.
B) pay-by-phone system.
C) point-of-credit system.
D) point-of-sale system.

Question

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The Answer of A system which allows a consumer to transfer funds from a bank account to the merchant's bank account to pay for merchandise purchased is known as a:
A) buying facilitation system.
B) pay-by-phone system.
C) point-of-credit system.
D) point-of-sale system.

A System Which Allows a Consumer to Transfer Funds from a Bank