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ETA CPP Exam Study Guide Questions with Complete Answers
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ETA CPP Exam Study Guide Questions with Complete Answers
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ETA CPP Practice Exam Questions andAnswers
Which entity is responsible for a merchant payment system acceptance of card
network products? - ANSWER-member
A Payments Professional encounters merchants who have competitive pricing that
cannot be matched or beaten. What is the BEST course of action to make the
processor aware of the market competition? - ANSWER-obtain copies of merchant
processing statements of the competing written offer to share with the employee or
corporate office
Which of the following could result if a merchants chargeback are out of compliance?
- ANSWER-Higher chargeback fees, an account review, and possible termination
Which is a reason for a merchant to add mobile payments to existing payment
options? - ANSWER-
A Merchant has an existing paper-based gift card program. Which of the following
are the MOST important benefits of the merchant converting to an electronic gift card
program. - ANSWER-Reconciliation, increased cash flow, and branding
What is the BEST way for the payments professional to initially identify PCI
compliance risk for a prospective merchant - ANSWER-
In a blended pricing plan known as a "bill back" a merchant has target rate of CPS
retail and accepts Reward I transaction. In which category will the merchant get
billed? - ANSWER-Difference in interchange
A Merchant is processing under a retail account SIC/MCC code that was assigned
during the application underwriting process, but the merchant has since switched the
type of business and the method of transaction processing it provides to e-
commerce. Which of the following repercussions might the merchant incur if this
change is undocumented? - ANSWER-Greater interchange fees and higher
chargeback ratios
Which requirement must ALL merchants complete in order to be PCI-Complaint? -
ANSWER-Submit a self assessment questionnaire (SAQ)
Beginning with the card swipe, which of the following represents the basic movement
of a transaction authorization from a credit card terminal? - ANSWER-card reader
communication network
front end processor
card brand
issuer
card brand
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