Exam (elaborations)
ETA CPP
- Course
- Institution
Exam of 7 pages for the course Immunology Chapter 7 Kuby at Immunology Chapter 7 Kuby (ETA CPP)
[Show more]
Seller
Follow
modockochieng06
Content preview
ETA CPPA merchant does not accept credit card transactions for amounts under $20. What
possible repercussions issued by the card brands could stem from this process? -
ANS-The merchant may be warned, fined, or terminated
A merchant has a IP-facing device. Which action MUST be completed to ensure PCI
compliance? - ANS-Complete IP scanning quarterly and complete a SAQ annually
A merchant has an existing paper-based gift card program. Which of the following are
the MOST important benefits of the merchant converting to an electronic gift card
program? - ANS-Reloadable, reward points, and branding
A merchant has contacted the payments professional to inquire about an increase in the
number of returned checks. How should the payments professional respond to the
merchant's inquiry? - ANS-Recommend a check guarantee service
A merchant is complaining about complicated processing activity statements and asks
for something "simpler" and "easier to understand." Which of the following solutions
should the payments professional offer to BEST satisfy the merchant's request? -
ANS-Bundled Pricing
A merchant is looking for software that can help manage customer data, customer
interaction, sales, marketing, affiliate tracking, and advertising campaigns. Which type
of solution should a payments professional recommend? - ANS-CRM system
A merchant is processing under a retail account SIC/MCC code that was assigned
during the application underwriting process, but the merchant has since switched the
type of business and the method of transaction processing it provides to e-commerce.
Which if the following repercussion might the merchant incur if this change is
undocumented? - ANS-Greater interchange fees and higher chargeback ratios
A parts manufacturer with a tiered-pricing set up (two buckets) keys a Visa Business
credit card transaction that qualifies for Visa's business-to-business interchange
qualification. What rate will the merchant pay on this transaction? - ANS-Visa Business
B2B
A payments professional believes that a prospective client with a large customer base
would benefit from the use of a PCI-compliant credit card storage module. However,
, prior to offering the solution, the payments professional needs to identify the merchant's
key pain points and goals. As part of the discovery process, which of the following
questions would BEST elicit the merchant's need to implement the solution? - ANS-"Are
you concerned about the security risks associated with storing customer data?"
A payments professional encounters merchants who have competitive pricing that
cannot be matched or beaten. What is the BEST course of action to make the processor
aware of the market competition? - ANS-Obtain copies of merchant processing
statements or the competing written offer to share with the employer or corporate office
A payments professional meets with a merchant who discloses that it has a subprime
credit. What additional materials may be required? - ANS-Profit and loss statement.
Previous processing statements and bank statements
A payments professional notices an extremely large number of EIRF transactions for a
client who uses a POS for monthly recurring billing (monthly dues). What is the MOST
likely causing this to happen? - ANS-The merchant does not have the AVS feature
turned on
A payments professional submits an application for a large e-commerce merchant, but
is declined due to pricing concerns. What could the payments professional have done
prior to submitting the application in order to better foresee the processor's decision? -
ANS-Evaluate the risk versus reward tolerance ratio acceptable to the processor
A prospective high-volume retail merchant with an average ticket of a $8.00 transaction
pays a $0.20 transaction fee. What is the BEST interchange category for this merchant?
- ANS-CPS small ticket credit
A small business is unhappy with its current service provider's lack of transparency in
pricing, and the merchant is frustrated with the requirement to include Level III
enhanced data to obtain a qualified commercial card discount rate because the burden
of keying the additional data is cumbersome to staff. While the business has an even
mix of consumer and commercial cards, the merchant reveals that over 90% of the
commercial card volume comes from a single client who utilizes a Visa Business card.
The merchant notes, however, that the business would like to take on clients in the
future with a comparable commercial card volume.
Based on the information shared by the merchant, which of the following
recommendations should the payments professional make to the merchant in order to
resolve current frustrations and keep the business positioned to accept future clients -
ANS-Transition to an interactive voice response (IVR) authorization and capture solution
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller modockochieng06. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77764 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now