DATA ANALYSIS FOR BUSINESS APPLICATIONS > QUESTIONS & ANSWERS > PCIP Practice Questions and Answers with Certified Solutions (All)
PCIP Practice Questions and Answers with Certified Solutions Which of the below functions is associated with Acquirers? A. Provide settlement services to a merchant B. Provide authorization servic ... es to a merchant C. Provide clearing services to a merchant D. All of the options ✔✔Correct Answer: D Which of the following entities will actually approve a purchase? A. Non-Issuing Merchant Bank B. Issuing Bank C. Payment Transaction Gateway D. Acquiring Bank ✔✔Correct Answer: B Which of the following lists the correct "order" for the flow of a payment card transaction? A. Clearing, Settlement, Authorization B. Clearing, Authorization, Settlement C. Authorization, Clearing, Settlement D. Authorization, Settlement, Clearing ✔✔Correct Answer: C Service Providers include companies which_____________or could______________the security of cardholder data. A. are PCI compliant, prove effective controls for [Show More]
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