PCIP Exam Proficiency Pre-Assessment Exam Questions with Ascertained Solutions 2024/2025
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PCIP
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PCIP
PCIP Exam Proficiency Pre-Assessment Exam Questions with Ascertained Solutions 2024/2025
What are the three steps in Payment Card Processing - correct answer 1) Authorization 2) Clearing 3) Settlement
Functions associated with Acquirers - correct answer Authorize, Clear and Settle to merchant...
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PCIP Exam
What are the three steps in Payment Card Processing - correct answer 1)
Authorization 2) Clearing 3) Settlement
Functions associated with Acquirers - correct answer Authorize, Clear and Settle
to merchant
Who ultimately approves the purchase - correct answer Issuer
Which step does the Payment Brand Network provide complete reconciliation to
the merchant bank - correct answer Clearing
How long is PCIP qualification valid - correct answer 3 years
Which takes precedence...local laws or PCI Standards - correct answer Local Laws
Payment Brand Network - correct answer The cc brands (e.g. Am Ex, Discover).
Discover and Amex are BOTH the card network and issuing bank- having their own
financial institutions issue the cc's to consumers
Visa and MasterCard are card networks only and do NOT issue cc's- they have
third party issuing banks do it for them.
What do Acquirer's do for their merchants - correct answer Authorize--Clear--
Settle for their merchant
,Who ultimately approves the purchase - correct answer Issuer
In which step does the Payment Brand Network provide complete reconciliation to
the merchant bank - correct answer Clearing
(PA-DSS) Payment Application Data Security Standard - correct answer Third party
payment applications that authorize and settle
Examples- POS, Shopping Cart
Role of Payment Brand Network - correct answer 1) Develop and Enforce
Compliance Programs, 2) Accept validation documentation from approved QSA,
PA-QSA, and ASV companies, and 3) endorse the QSA, PA-QSA and ASV company
qualification criteria
Point to Point Encryption (P2PE) Requirements - correct answer 1-Secure
encryption of payment card data at Point of Interaction (POI)
2-Validated apps at the POI
3-Secure environment of encryption and decryption devices
4-Manage decryption environment and ALL decrypted account data
5-Use source encryption technologies and cryptographic key elements-like key
generation, distribution, loading and injection, administration and usage
May reduce PCI-DSS scope for Merchant
-Geared toward provider of point to point solution (e.g. Processor, Acquirer,
payment gateway (e.g. PayPal)
(PA-DSS) Payment Application DSS - correct answer Most payment application
(PA-DSS) requirements are equivalent of PCI-DSS
,-Geared toward the Application providers
P2PE - correct answer P2PE- Incorporates requirements from PTS, PCI-DSS, PA-
DSS, and PCI-PIN
Protects cc data from point of capture to processing
(PCI-PTS) PIN- Transaction Security Devices - correct answer PCI-PTS applies to pin
entry devices/ point of interaction devices (POI), Encrypting Pin Pads (EPP), Point
of Sale devices (POS), Hardware (or host) security modules (HSMs), Unattended
Payment Terminals (UPT)s, and non-PIN entry module
-Geared toward Device Manufacturers
PCI-PTS - what does the program ensure against - correct answer 1- Terminals
cannot be manipulated or hacked, or access to pins/keys
2-Secure Read and Exchange Module (SREM)- allows terminals to be approved for
the secure encryption of cardholder data as part of the P2PE program
3-PTS extended to allow non-PIN entry modules to be evaluated against the SRED
module, allowing secure encryption at POI for non-chip and PIN cards
PCI Pin Requirements provides for secure.... - correct answer 1) PIN management
2) processing and 3) transmission
PCI PIN requirements protects PINs entered when and where - correct answer
Online and offline payment card transactions
at ATMs and attended and unattended POS
, Qualified Integrators and Resellers (QIR) - correct answer entities that sell, install
or service payment applications on behalf of software vendors
-software vendors develop the app but QIRs need to make sure app is
implemented properly to comply with PCI-DSS
-QIR cannot submit certification for PA-DSS validation, only software vendor can
file
Where does cardholder data flow - correct answer Between and through apps,
systems and network infrastructure devices
-Document data flow before the assessment
Name 3 methods to protect PAN per PCI-DSS 3.4 - correct answer 1) Hashing,
2)Encryption, 3)Truncation
- to make PAN unreadable when stored- hash the entire PAN completely using
strong cryptography
May Full track data or Sensitive Authentication Data be stored AFTER
authentication - correct answer No, even if it is protected.
Exception: Issuers or Issue processors may be able to store SAD if there is a
business need
Location for Track Data Storage - correct answer Databases, Flat Files, Log Files,
Debug Files
-Systems that typically store track data- POS Systems, POS servers, Authorization
servers
How frequent review firewall and router rule sets Req. 1.1.7 - correct answer
Every six (6) months (at least)
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