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PCIP Exam Practice Questions 100% Correct Answers Verified Latest 2024 Version

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PCIP Exam Practice Questions | 100% Correct Answers | Verified | Latest 2024 Version Which of the below functions is associated with Acquirers? A. Provide settlement services to a merchant B. Provide authorization services to a merchant C. Provide clearing services to a merchant D. All of the...

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  • July 3, 2024
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  • 2023/2024
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PCIP Exam Practice Questions | 100% Correct
Answers | Verified | Latest 2024 Version
Which of the below functions is associated with Acquirers?



A. Provide settlement services to a merchant



B. Provide authorization services 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



B. control, impact



C. manage, test



D. control, subrogate - ✔✔Correct Answer: B



QUESTION 16



Cardholder Data may be stored in "KNOWN" and "UNKNOWN" locations.



A. True



B. False - ✔✔Correct Answer: A



Storing Track Data "Long-Term" or "persistently" may be permitted if_______________.



A. it is being stored by issuers

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