What is a card that immediately transfers funds electronically from the customer's checking account to the business's account when a purchase is made
100
Insurance Agents
What is a representative of insurance companies
100
the four Cs of credit and the point system
What is two methods used to check applicants' creditworthiness
100
Disaster Plan
What is anticipating the types of disasters that could occur
100
merchant account provider
What is a private company that acts as an intermediary between businesses and one or more credit card companies to establish and maintain credit services
200
Smart Card
What is a plastic card with an embedded microprocessor that can store and process a large amount of information
200
Major Types of Property Insurance
What is fire insurance, burglary and robbery insurance, business income insurance, and transportation and vehicle insurance
200
Capital
What is a measure of the credit applicant's current financial worth or ability to pay based on assets
200
Record
What is kept in a separate, safe location
200
Visa, MasterCard, American Express
What is the most common credit card companies
300
Co-branded credit cards
What is a card that is cosponsored by two companies and have benefits and rewards designed specifically for their joint customers
300
Extended Coverage
What is additional protection beyond the primary peril
300
Character, Capacity, Capital, and Conditions
What is the four Cs of credit
300
Deductible
What is the amount the insured party pays for a loss before the insurance company pays anything
300
Bank
What is the place that makes it easier and faster to begin accepting credit cards
400
Aging of accounts
What is the process in which customers' account balances are analyzed in categories based on the number of days each customer's balance has remained unpaid
400
Health Insurance
What is insurance that provides protection against the expenses of individual health care
400
applicants and credit agencies
What is sources of credit information
400
Insurable interest
What is the generally defined possible financial loss that the policyholder will suffer if the property is damaged
400
credit card processing-equipment
What is it that happens after the credit card has been approved
500
Actuaries
What is the review records of losses, determining the number of people or organizations to be insured, then use statistics to calculate the rates insurance companies must change to able to cover the cost of losses and make a reasonable profit
500
Life Insurance
What is money paid upon the death of the insured to a person or persons identified in the insurance policy
500
Credit agency
What is a clearinghouse for information on the creditworthiness of individuals or businesses
500
Actuaries
What is a review record of losses that determine the number of people or organizations to be insured
500
Computerized credit card system
What is the accepted way to now process credit transactions and are much more efficient and accurate