Aprp questions - Study guides, Class notes & Summaries

Prepaid/Stored Value Card correct answer: A card-based payment system that assigns a value to the card; some cards can be "reloaded"through various methods and the others are designed to be discarded. Credit card correct answer: A card indicating the holder has been granted a line of credit to make purchases or withdraw cash up to a prearranged ceiling. Debit card correct answer: A payment card issued to a person for purchasing goods and services through an electronic transfer of fund...

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APRP QUESTIONS 2024 WITH 100% ACCURATE ANSWERS

APRP Questions with 100% Correct Answers Preventive Control - Answer️️ -A mitigating technique designated to prevent an event from occurring. Incident Response Plan - Answer️️ -A plan that defines the action steps, involved resources and communication strategy upon identification of a threat or potential threat event, such as a breach in security protocol, power or telecomunnications outage, severe weather or workplace violence. Control Self-Assessment - Answer️️ -A technique ...

APRP Questions With 100% Correct Answers | Updated 2023

Fundamentals of Payments Risk Management-APRP Questions And Answers. Credit Risk - correct answer Risk that a party to a transaction cannot provide the necessary funds as contracted for settlement to take place on the scheduled date. Operational Risk - correct answer Risk that a transaction is altered or delayed due to an unintentional error. Fraud Risk - correct answer Risk that a payment transaction will be initiated or altered in an attempt to misdirect or misappropriate funds. Syst...

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APRP Questions and answers rated A+ 2023 Preventive Control - correct answer A mitigating technique designated to prevent an event from occurring. Incident Response Plan - correct answer A plan that defines the action steps, involved resources and communication strategy upon identification of a threat or potential threat event, such as a breach in security protocol, power or telecomunnications outage, severe weather or workplace violence

Preventive Control correct answer: A mitigating technique designated to prevent an event from occurring. Incident Response Plan correct answer: A plan that defines the action steps, involved resources and communication strategy upon identification of a threat or potential threat event, such as a breach in security protocol, power or telecomunnications outage, severe weather or workplace violence. Control Self-Assessment correct answer: A technique used to internally assess the effective...

APRP Practice Test Questions with 100- correct answers