APRP VOCAB EXPLAINED
COMPLETE 200 VOCAB
ACH - Answer️️ -Automated Clearing House
ACH Network - Answer️️ -Backbone for the electronic movement of money and data, a
processing and delivery system that provides for the distribution and settlement among
financial institutions of electroni...
source of funds and other conditions, given by the payer to the payee to transfer funds
on a one-time or recurring basis"
Address Verification System (AVS) - Answer✔️✔️-Verify a cardholder's billing address
and other pertinent information, used for mail, telephone, and Internet transactions
Basel III Regulatory Capital - Answer✔️✔️-A comprehensive set of reform measures,
developed by the Basel Committee on Banking Supervision (BCBS), to strengthen the
regulation, supervision, and risk management of the banking sector, including both
liquidity and capital reforms.
Business Continuity Planning (BCP) - Answer✔️✔️-Develop, implement, and test
appropriate disaster recovery, in order to maintain acceptable retail payment-related
customer service levels
Business Impact Analysis (BIA) - Answer✔️✔️-A flow analysis that involves an
assessment and prioritization of those business functions and processes that must be
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