Payment card processing - Study guides, Class notes & Summaries

CLG Latest Update Graded A+ Agency/Organization Program Coordinator (A/OPC) Manages and oversees CH and Managing Accounts Approving/Billing Official (A/BO) Reviews and approves GPC Managing Account Invoices and transaction supporting data for compliance Certifying Officer Reviews Managing Account invoices in accordance with DoD Financial Management Regulation (DoD FMR) requirements Resource Manager (RM) Provides appropriate GPC account funding Cardholder (CH) Is issued a GPC c...

AAA Acronym for "authentication, authorization, and accounting." 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 information-processing resources only to authorized persons or applications Account Data consists of cardholder data and/or sensitive authentication data Acquire...

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...

PA-DSS : Payment Application Data Security Standard (POS, shopping carts, etc.) PTS (POI) : Pin Transaction Security Point of Interaction Standard (Attended and Unattended Devices) HSM (PIN) : Hardware Security Module Pin Standard (not required but may assist in becoming compliant) P2PE : Point to Point Encryption Standard (Most helpful standard to reduce scope) SRED : Secure Read and Exchange Module allows terminals to be approved for secure encryption of cardholder data. POI Ex...

AQSA Certification 2024:A Perfect Guide for Exam Questions and Answers PCI SSC - ANS 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? - ANS American express, Discover, JCB, Mastercard, and VISA What define the merchant levels? - ANS defined by the payment brands, based on transaction volume. Transaction volume determined by the ...

PCI – DSS Exam with Complete Solutions -Customer purchasing goods either as a "Card Present" or Card Not Present" transaction -Receives the payment card and bills from the issuer - Answer ️️ -Cardholder -Primary Account Number (PAN) -Cardholder Name -Expiration Date -Service Code - Answer ️️ -Cardholder Data Include: -Full track data (Magnetic-stripe data or equivalent on a chip) -CAV2/CVC2/CVV2/CID -PINs/PIN blocks - Answer ️️ -Sensitive Authentication Data includes: ...

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...

DOD Government Purchase Card Refresher Training Questions and Answers Rated A+ The limitation for convenience check (CC) accounts for overseas contingencies differs from the regular CC account limitation in that it allows for transactions up to $10,000. True An Approving Officer (AO) responsible for originating, approving, or processing the requirement for a check may also be a convenience check custodian. False Cardholders in contracting organizations must comply with Federal Acq...

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...

Methods for Stealing Payment card data include: a) Weak Passwords b) Malware c) Physical skimming d) All of the options are correct - ️️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 - ️️a) Any entity that stores, processes, or transmits payment card account data The PCI DSS applies to: a) Any e...