Payment card processing - Study guides, Class notes & Summaries

The Payroll Source CPP Practice Exam 100 Questions with Verified Answers Which of the following is LEAST likely to be considered when looking at the security of a new payroll system? A. regular data back-up and storage B. protection against computer viruses C. limited system access D. system edits - CORRECT ANSWER D. system edits Company deadlines for payroll data input documents are essential for: A. timely processing of the payroll B. accurate entry of data C. guaranteeing that al...

TEST BANK Akolisa Ufodike York University Auditing: The Art and Science of Assurance Engagements Fifteenth Canadian Edition Alvin A. Arens Michigan State University Randal J. Elder Syracuse University Mark S. Beasley North Carolina State University Chris E. Hogan Michigan State University Joanne C. Jones York University ISBN: 978-0-13-669229-4 Copyright © 2022 Pearson Canada Inc., Toronto, Ontario. All rights reserved. This work is protected by Canadian copyright laws and ...

You have a requirement for not processing an element entry based on a specific condition that will be evaluated during payroll run. How should you achieve this? A. You write a skip rule with the condition so that the element is not processed when the condition is satisfied. B. You write a calculation formula with the condition so that the element is not processed when the condition is satisfied. C. You write a validation formula with the condition so that the element is not processed when ...

Which of the following specify the requirements for reserves that a depository institution must maintain at a Federal Reserve Bank? a. Uniform Commercial Code Article 4A b. Federal Reserve Bank Operating Circular 4 c. Regulation D d. Regulation CC - correct answer Regulation D Which of the following specifically addresses national banks and their need to evaluate large dollar payment system network risks and requires reporting this to top management and maintaining agreements with all ...

A Parts Manufacturer with a tiered-pricing setup (two Buckets) keys a Visa Business Credit Card information that qualifies for Visa's business to business interchange qualification. What rate will the merchant pay on this transaction? non-qualified When using the gross discount method, what are discount fees charged on? If a Merchant contacts the payments professional and inquires about any early termination fees (ETF), to what should the payments professional be alerted? The Merchant may...

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...

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 called dues and assessments and typically range from 0.105% - 0.45% o...

What data elements are MOST critical to the payments professional when comparing a merchant's current statement to the new offer proposed by the payment professional? - Answer- Volume, average ticket, rate, and transaction fee Using the interchange plus model, which of the following costs can be adjusted during negotiations with the merchant? - Answer- Acquirer markup For most credit card transactions, what is the MAXIMUM numbers of days between the sale and when a dispute request can be ...

to add a new insurance to the system that dose not exist select a generic coverage and enter information from the card when creating a new coverage record in the system you must choose the correct ( 2 answers) payer and plan true or false a patient can have more then one guarantor account TRUE Guarantor account who will be paying coverage insurance (payer, plan) subscriber policy holder generic coverage the payer is not built into the system and must be a...

PCIP Exam questions with correct answers 100%PCI Data Security Standard (PCI DSS) The PCI DSS applies to all entities that store, process, and/or transmit cardholder data. It covers technical and operational system components included in or connected to cardholder data. If you accept or process payment cards, PCI DSS applies to you. Sensitive Authentication Data Merchants, service providers, and other entities involved with payment card processing must never store sensitive authen...

Texas Private Security Act CH. 1702.004(a) - General Provisions - Answer (a) The board, in addition to performing duties required by other law or exercising powers granted by other law: (1) licenses investigations companies and security services contractors; (2) issues commissions to certain security officers; (3) issues endorsements to certain security officers engaged in the personal protection of individuals; (4) registers and endorses: (A) certain individuals connected with a license ho...