PCIP Practice Questions
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 Ans- Correct Answer: D
Which of the following entiti...
PCIP Practice Questions
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 Ans- Correct Answer: D
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 Ans- Correct Answer: B
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 Ans- Correct Answer: C
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 Ans- Correct Answer: B
QUESTION 16
Cardholder Data may be stored in "KNOWN" and "UNKNOWN" locations.
A. True
B. False Ans- Correct Answer: A
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
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