Aprp Study guides, Class notes & Summaries

APRP 2024 - Sample Exam Questions and answers latest update 2024

APRP Questions Correctly Answered Rated A+. 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 tech...

APRP-Exam Latest Update with Verified Solutions ACH Network Payment system governed by the ACH rules, UCC 4, UCC 4A, Electronic Funds Transfer Act, OFAC, Regulation E, The Right to Financial Privacy, Regulation D and Regulation CC ACH Operator The central clearing facility for ACH transactions Acquirer/Processor (Merchant Bank or Merchant Processor) The financial institution that contracts with a merchant to initiate payment requests to a card association or company in the contex...

APRP Exam Flash Cards (220 questions and answers).

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...

APRP Vocab correctly answered 2023ACH Automated Clearing House ACH Network Backbone for the electronic movement of money and data, a processing and delivery system that provides for the distribution and settlement among financial institutions of electronic credits and debits, as well as, non-monetary entries with payment related information 01:10 01:18 ACH Operator Central clearing facility that receives entries from the ODFIs and distributes the entries to the appropr...

A check is not considered a negotiable instrument under Regulation CC if it... correct answer: Is not printed with MICR Ink FedWire Funds are final and irrevocable upon completion of processing by the... correct answer: Federal Reserve Banks A security procedure is not considered commercially reasonable for a wire transfer if... correct answer: The security procedure is only compared to a signature Real-time Payments (RTP) allows a financial institution to limit its exposure risk by....

APRP-Exam questions with complete solutions 2023Prepaid/Stored Value Card 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 A card indicating the holder has been granted a line of credit to make purchases or withdraw cash up to a prearranged ceiling. 00:13 01:18 Debit card A payment card issued to a person for purchasing goods and services through ...