Payment card processing Study guides, Class notes & Summaries

PCIP Exam Proficiency Pre-Assessment Exam Questions with Ascertained Solutions 2024/2025 What are the three steps in Payment Card Processing - correct answer 1) Authorization 2) Clearing 3) Settlement Functions associated with Acquirers - correct answer Authorize, Clear and Settle to merchant Who ultimately approves the purchase - correct answer Issuer Which step does the Payment Brand Network provide complete reconciliation to the merchant bank - correct answer Clearing How long ...

ETA CPP PRACTICE STUDY COURSE 2024 QUESTIONS WITH ANSWERS [VERIFIED & CORRECT] The (_______________) is made up of a combination of players that interact with each other during the payment transaction process: issuers and acquirers, credit card networks, payment processors, payment gateways, independent sales organizations and value-added resellers, and payment facilitators. payments ecosystem The (______________) cycle is complex and has a lot of moving parts. payment processing How many s...

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 transacti...

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? - ️️Defined by th...

You have a requirement for not processing an element entry based on a specific condition that will be evaluated during payroll run. How should you achieve this? A. You write a skip rule with the condition so that the element is not processed when the condition is satisfied. B. You write a calculation formula with the condition so that the element is not processed when the condition is satisfied. C. You write a validation formula with the condition so that the element is not processed when ...

Authentication, Authorization, Accounting (AAA) ~~> AAA: Protocol for authenticating a user based on their verifiable identity, authorizing a user based on their user rights, and accounting for a user's consumption of network resources. Access Control ~~> Mechanisms that limit availability of information or informationprocessing resources only to authorized persons or applications. Account Data ~~> Data that consists of cardholder data and/or sensitive authenticatio...

ETA CPP EXAM TEST BANK 2023/2024 NEW QUESTIONS AND ANSWERS A+. NABU, APF and FANF - ANSWER 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 - ANSWER In addition to Interchange, each card brand includes additional fees based on the transaction amount and per transaction. These fees are call...

PCI SSC - correct answer 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? - correct answer American express, Discover, JCB, Mastercard, and VISA What define the merchant levels? - correct answer defined by the payment brands, based on transaction volume. Transaction volume determined by the acquirer) What define the service provider lev...

ETA CPP EXAM TEST BANK 2023/2024 NEW QUESTIONS AND ANSWERS A+. NABU, APF and FANF - ANSWER 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 - ANSWER In addition to Interchange, each card brand includes additional fees based on the transaction amount and per transaction. These fees are call...

PCI DSS Fundamentals Exam Questions and Answers 2023/2024 Methods for Stealing Payment card data include: a) Weak Passwords b) Malware c) Physical skimming d) All of the options are correct - Answer ️️ -d) All of the options are correct The PCI DSS applies to: a) Any entity that stores, processes, or transmits payment card account data b) Service Providers only c) Merchants only d) Merchants and third party processors (TTPs) only - Answer ️️ -a) Any entity that stores, process...