Payment Card Industry, Laws and Regulations, Privacy, VAT-Questions and Answers
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Course
Pci
Institution
Pci
Payment Card Industry, Laws and Regulations, Privacy, VAT-Questions and Answers
Payment Card Industry Data Security Standard
a set of security standards designed to ensure that ALL companies that accept, process, store or transmit credit card information maintain a secure environment
10% V...
Payment Card Industry, Laws and
Regulations, Privacy, VAT-Questions and
Answers
Payment Card Industry Data Security Standard - answer a set of security standards
designed to ensure that ALL companies that accept, process, store or transmit credit
card information maintain a secure environment
10% Value Added Tax process - answer The manufacturer spends ($1 x 1.10) =
$1.10 for the raw materials, and the seller of the raw
materials pays the government $0.10.
The manufacturer charges the retailer ($1.20 x 1.10) = $1.32 and pays the government
($0.12 minus $0.10) = $0.02, leaving the same gross margin of ($1.32 - $1.10 - $0.02) =
$0.20.
The retailer charges the consumer ($1.50 x 1.10) = $1.65 and pays the government
($0.15 minus $0.12) = $0.03, leaving the same gross margin of ($1.65 - $1.32 - $0.03) =
$0.30.
The manufacturer and retailer realize less gross margin from a percentage perspective.
If the cost of raw material production were shown, this would also be true of the raw
material supplier's gross margin on a percentage basis.
Note that the taxes paid by both the manufacturer and the retailer to the government are
10% of the values added by their respective business practices (e.g. the value added by
the manufacturer is $1.20 minus $1.00, thus the tax payable by the manufacturer is
($1.20 - $1.00) × 10% = $0.02).
Privacy Policy - answer policy that indicates what kind of information a website will
take from you and what they intend to do with it
At the most basic level, an accessible website would have these (and other) accessible
elements: - answer Provides text alternatives for any non-text content;
Provides alternatives for time-based media;
Includes content that can be presented in different ways without losing information or
structure;
Is easy to see and hear, including separating foreground from background;
Permits all functionality from a keyboard if needed (as opposed to a cursor);
Permits sufficient time to read and use content;
Is not designed in a way that is known to cause seizures;
Includes ways to help users navigate, find content, and determine where they are;
, Includes text content that is readable and understandable;
Operates and appears in predictable ways;
Helps users avoid and correct mistakes; and
Is compatible with current and future user agents, including assistive web technologies.
What is PA-DSS - answer Payment Application Data Security Standard maintained
by the PCI Security Standards Council (SSC) to address the critical issue of payment
application security. The requirements within the PA-DSS are designed to ensure that
vendors provide products which support merchants' efforts to maintain PCI DSS
compliance and eliminate the storage of sensitive cardholder data.
The PCI SSC administers the program to validate payment applications' compliance
against the PA-DSS, and publishes and maintains a list of PA-DSS validated
applications
https://www.pcisecuritystandards.org/pci_security/
The PCI DSS is administered and managed by the PCI SSC
(www.pcisecuritystandards.org) - answer an independent body that was created by
the major payment card brands (Visa, MasterCard, American Express, Discover and
JCB.). It is important to note that the payment brands and acquirers are responsible for
enforcing compliance, not the PCI council
To whom does the PCI DSS apply - answer to ANY organization, regardless of size
or number of transactions, that accepts, transmits or stores any cardholder data.
What are the PCI compliance 'levels' and how are they determined - answer
Merchant Level 1:processing over 6M Visa transactions per year
Merchant Level 2:processing 1M to 6M Visa transactions per year
Merchant Level 3:processing 20,000 to 1M Visa e-commerce transactions per year
Merchant Level 4: processing fewer than 20,000 Visa e-commerce transactions per
year, and all other merchants — regardless of acceptance channel — processing up to
1M Visa transactions per year.
What does a small-to-medium sized business (Level 4 merchant) have to do in order to
satisfy the PCI DSS requirements? - answer To satisfy the requirements of PCI, a
merchant must complete the following steps:
Determine which self-assessment Questionnaire (SAQ) your business should use to
validate compliance. See the chart below to help you select.
Complete the self-assessment Questionnaire according to the instructions it contains.
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