1. Which of the below functions is associated with Acquirers?
A. Provide settlement services to a merchant
B. Provide authorization services to a merchant
C. Provide clearing services to a merchant
D. All of the options
- Correct Answer: D
2. Which of the following entities will actually appr...
PCIP Practice Exam Questions and Answers 2023 1. Which of the below functions is associated with Acquirers? A. Provide settlement services to a merchant B. Provide authorization services to a merchant C. Provide clearing services to a merchant D. All of the options - Correct Answer: D 2. Which of the following entities will actually approve a purchase? A. Non-Issuing Merchant Bank B. Issuing Bank C. Payment Transaction Gateway D. Acquiring Bank - Correct Answer: B 3. Which of the following lists the correct "order" for the flow of a payment card transaction? A. Clearing, Settlement, Authorization B. Clearing, Authorization, Settlement C. Authorization, Clearing, Settlement D. Authorization, Settlement, Clearing - Correct Answer: C 4. Service Providers include companies which _____________or could______________the security of cardholder data. A. are PCI compliant, prove effective controls for B. control, impact C. manage, test D. control, subrogate - Correct Answer: B 5. Cardholder Data may be stored in "KNOWN" and "UNKNOWN" locations. A. True B. False - Correct Answer: A 6. Storing Track Data "Long -Term" or "persistently" may be permitted if_______________. A. it is being stored by issuers B. it is reported to the PCI SSC annually in a RoC C. it is encrypted by the merchant storing it D. it is hashed by the merchant storing it - Correct Answer: A 7. PCI DSS Requirement 3.4 states the PAN must be rendered unreadable when stored, using___________. A. Encryption, Truncation, or Obfuscating
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 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 boomamor2. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £8.15. You're not tied to anything after your purchase.
