DATA ANALYSIS FOR BUSINESS APPLICATIONS > QUESTIONS & ANSWERS > PCIP Practice Questions and Answers with Certified Solutions (All)
PCIP Practice Questions and Answers with Certified Solutions
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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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