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APRP QUESTIONS 2024 WITH 100% ACCURATE ANSWERS
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APRP QUESTIONS 2024 WITH 100% ACCURATE ANSWERS
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APRP QUESTIONS 2024 WITH 100%ACCURATE ANSWERS
,APRP QUESTIONS 2024 WITH 100%
ACCURATE ANSWERS
Acquirer (Processor, Merchant Bank or Merchant Processor) - correct answersThe financial instituion
that contracts with a merchant to initiate payment requests to a card association or company in the
context of credit an debit card payments.
Bank of First Deposit (Payee's Depository Financial Institution) - correct answersThe first bank to which a
check is deposited or transferred.
Payor (Check Writer, Maker, or Drawer) - correct answersThe party obligated to pay on a check.
Payee - correct answersThe party to whom a check is made payable.
Commercial wholeale credits, including wire transfers and CCD/CTX credits - correct
answersTransactions governed by UCC 4A.
Preventive Control - correct answersA mitigating technique designated to prevent an event from
occurring.
Incident Response Plan - correct answersA plan that defines the action steps, involved resources and
communication strategy upon identification of a threat or potential threat event, such as a breach in
security protocol, power or telecomunnications outage, severe weather or workplace violence.
Control Self-Assessment - correct answersA technique used to internally assess the effectiveness of risk
management and control processes.
Business Continuity Strategy - correct answersComprehensive strategies to recover, resume and
maintain all critical business functions.
Technical Controls - correct answersControls to prevent and detect unauthorized activity.
, Procedures - correct answersDefines the manner in which an organization will proceed, perform or
affect something to accomplish the objectives of a policy.
Title 31 of the Code of Federal Regulation (CFR) Part 370 - correct answersGoverns the handling of
payments for the Bureau of Public Debt made through the ACH Network.
Unfair, Deceptive or Abusive Acts or Practices (UDAAP) - correct answersLaw to protect consumers
purchasing financial products and services requiring that consumers have access to information that lets
them choose the option they believe is best for their situation.
Risk Evaluation - correct answersProcess of comparing risk analysis results to determine if risk is at an
acceptable level.
Business Impact Analysis (BIA) - correct answersProcess of identifying the potential impact of
uncontrolled, non-specific events on an institution's business processes.
Enterprise Risk Management - correct answersProcess of planning, organizing, leading and controlling
the activities of an organization to minimize the effects of risk on that organization.
Risk Measurement - correct answersProcess to determine the likelihood of an adverse event or threat
occurring and the potential impact of such an event on the institution.
User Access Controls - correct answersSecurity technique used to regulate who or what can view or use
resources in a computing environment.
Vulnerability Assessment - correct answersSystematic examination of systems to identify, quantify and
prioritize the security deficiencies of the systems.
Function Drill/Parallel Test - correct answersTesting method involves actual mobilization of personnel to
other sites attempting to establish communications and perform actual recovery processing as outlined
in the business continuity plan (BCP).
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