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In credit card transactions, which of the following occurs during the settlement phase?

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In credit card transactions, which of the following occurs during the settlement phase?

A.

The customer enters credit card information on a Web site and confirms the order.

B.

Credit card information is passed to a payment gateway.

C.

The processor verifies the credit card through the issuing bank.

D.

The acquiring bank transfers money to the merchant's account.

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TESTED 02 Aug 2025