Payment card processing Study guides, Class notes & Summaries

Champions Real Estate Finance Final Exam With Correct Answers 2024 Loan-to-Value Ratio (LTV) -CORRECT ANSWER-The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage -CORRECT ANSWER-Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage -CORRECT ANSWER...

Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers more than one piece of property. Wraparound Mortgage - c...

For PCI DSS requirement 1, firewall and router rule sets need to be reviewed every _____________ months 6 months Non-console administrator access to any web-based management interfaces must be encrypted with technology such as......... HTTPS Requirements 2.2.2 and 2.2.3 cover the use of secure services, protocols and daemons. Which of the following is considered to be secure? SSH, TLS, IPSEC, VPN Which of the following is considered "Sensitive Authentication Data"? Car...

What process would NOT be performed at the check-out process? a. Follow-up appointments b. Collection of copays or deductibles c. Patient registration process d. Review of charge ticket or encounter form - Answer- Patient registration process Which of the following processes could result in lost charges? a. Balance the charge tickets, copays, and the amounts posted in the PMS with the daily appointment schedule b. Batch dates of service and post as a batch date c. Posting charges and p...

PII Personally Identifiable Information. Information about individuals that can be used to trace a person's identity, such as a full name, birthdate, biometric data, and identifying numbers such as a Social Security number (SSN). Organizations have an obligation to protect PII and often identify procedures for handling and retaining PII in data policies. Logical assets information, data (in transmission, storage, or processing), and intellectual property Information Security protecting inf...

Champions Real Estate Finance graded A+ already passed 2023Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers ...

ETA CPP Study Guide - Complete Solutions (Answered) What data elements are required for a merchant's commercial card transactions to qualify for Level 1, Level 2 and Level 3 Interchange programs? Item #, date and AVS Info What types of transactions and which banks were regulated by the Durbin amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act? Debit card transactions from large issuing banks What typically constitutes a small ticket transaction? Swiped sales under $15....

NABU, APF and FANF MasterCard implemented a new fee, the Network Access and Brand Usage fee (NABU). And following right on the heels of the MasterCard announcement, on July 1, 2009 Visa implemented their U.S. Acquirer Processing Fee (APF). Card brand dues and assessments In addition to Interchange, each card brand includes additional fees based on the transaction amount and per transaction. These fees are called dues and assessments and typically range from 0.105% - 0.45% on the transaction...

ETA CPP Study Guide Latest Version Already Passed NABU, APF and FANF MasterCard implemented a new fee, the Network Access and Brand Usage fee (NABU). And following right on the heels of the MasterCard announcement, on July 1, 2009 Visa implemented their U.S. Acquirer Processing Fee (APF). Card brand dues and assessments In addition to Interchange, each card brand includes additional fees based on the transaction amount and per transaction. These fees are called dues and assessments ...

PCI SSC ~~> is an independent industry standards body providing oversights of the development and management of Payment Card Industry Data Security Standards on a global basis. What are the founding payment brands? ~~> American express, Discover, JCB, Mastercard, and VISA What define the merchant levels? ~~> defined by the payment brands, based on transaction volume. Transaction volume determined by the acquirer) What define the service provider levels? ~~> Defin...