ETA CPP Study Guide with
Verified Answers| 100% Correct|
Grade A+ 2026
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% on the transaction
amount [ $0.0025 - $0.04.] Like interchange, assessments are exactly the
same for all credit card processors and no processor can give you a lower
rate or a better deal on assessments.
AVS and switch fees - 🧠 ANSWER ✔✔The fee is charged when your
business utilizes the Address Verification Service to check that the address
provided by a cardholder matches the address on file with the credit card
company.
Authorization fee - 🧠 ANSWER ✔✔The voice authorization fee applies
when you use a telephone dial-up service for transaction authorization. A
fee is charged for each call that is made. Voice authorization is useful in the
event your terminal or software malfunctions or your internet connection
isn't working.
Batch fee - 🧠 ANSWER ✔✔A fee that is charged when you settle your daily
transactions (also known as the batch) with your credit card processor. If
you have no credit card transactions to settle on a particular day, you are
not charged this fee.
,Clearing and settlement fees - 🧠 ANSWER ✔✔clearing denotes all activities
from the time a commitment is made for a transaction until it is settled.
Chargeback and representment fees - 🧠 ANSWER ✔✔In short, a
chargeback is a reversal of funds transferred.
Statement or reporting fees - 🧠 ANSWER ✔✔Fees that are charged for
receiving statements or reports.
Rewards Cards - 🧠 ANSWER ✔✔A cashback reward program is an
incentive program operated by credit card companies where a percentage
of the amount spent is paid back to the card holder.
Card Not Present transactions - 🧠 ANSWER ✔✔A card not present
transaction (CNP, MO/TO, Mail Order / Telephone Order, MOTOEC) is a
payment card transaction made where the cardholder does not or cannot
physically present the card for a merchant's visual examination at the time
that an order is given and payment effected.
Quick Service Restaurants (QSR) - 🧠 ANSWER ✔✔a specific type of
restaurant that serves fast food cuisine and has minimal table service.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
, Emerging Markets - 🧠 ANSWER ✔✔countries in the process of rapid
growth & industrialization
Level 1 Data - 🧠 ANSWER ✔✔Level I purchasing card data includes the
same information captured during a traditional credit card purchase
transaction. This includes: total purchase amount, date, merchant category
code and supplier/retailer name.
Level 2 Data - 🧠 ANSWER ✔✔Level II purchasing card data includes the
same information captured at Level I, plus the following: sales tax amount,
customer's accounting code, merchant's tax ID number, applicable minority
- and women-owned business status and sales outlet ZIP code.
Level 3 Data - 🧠 ANSWER ✔✔Level III purchasing card data includes the
same information captured at Levels I and II, plus the following: quantities,
product codes, product descriptions, ship to ZIP, freight amount, duty
amount, order/ticket number, unit of measure, extended item amount,
discount indicator, discount amount, net/gross indicator, tax rate applied,
tax type applied, debit or credit indicator and alternate tax identifier.
Discount Rate (Credit/Debit) - 🧠 ANSWER ✔✔The discount rate is the fee
paid by merchants to credit card processors as a fee associated with
Verified Answers| 100% Correct|
Grade A+ 2026
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% on the transaction
amount [ $0.0025 - $0.04.] Like interchange, assessments are exactly the
same for all credit card processors and no processor can give you a lower
rate or a better deal on assessments.
AVS and switch fees - 🧠 ANSWER ✔✔The fee is charged when your
business utilizes the Address Verification Service to check that the address
provided by a cardholder matches the address on file with the credit card
company.
Authorization fee - 🧠 ANSWER ✔✔The voice authorization fee applies
when you use a telephone dial-up service for transaction authorization. A
fee is charged for each call that is made. Voice authorization is useful in the
event your terminal or software malfunctions or your internet connection
isn't working.
Batch fee - 🧠 ANSWER ✔✔A fee that is charged when you settle your daily
transactions (also known as the batch) with your credit card processor. If
you have no credit card transactions to settle on a particular day, you are
not charged this fee.
,Clearing and settlement fees - 🧠 ANSWER ✔✔clearing denotes all activities
from the time a commitment is made for a transaction until it is settled.
Chargeback and representment fees - 🧠 ANSWER ✔✔In short, a
chargeback is a reversal of funds transferred.
Statement or reporting fees - 🧠 ANSWER ✔✔Fees that are charged for
receiving statements or reports.
Rewards Cards - 🧠 ANSWER ✔✔A cashback reward program is an
incentive program operated by credit card companies where a percentage
of the amount spent is paid back to the card holder.
Card Not Present transactions - 🧠 ANSWER ✔✔A card not present
transaction (CNP, MO/TO, Mail Order / Telephone Order, MOTOEC) is a
payment card transaction made where the cardholder does not or cannot
physically present the card for a merchant's visual examination at the time
that an order is given and payment effected.
Quick Service Restaurants (QSR) - 🧠 ANSWER ✔✔a specific type of
restaurant that serves fast food cuisine and has minimal table service.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
, Emerging Markets - 🧠 ANSWER ✔✔countries in the process of rapid
growth & industrialization
Level 1 Data - 🧠 ANSWER ✔✔Level I purchasing card data includes the
same information captured during a traditional credit card purchase
transaction. This includes: total purchase amount, date, merchant category
code and supplier/retailer name.
Level 2 Data - 🧠 ANSWER ✔✔Level II purchasing card data includes the
same information captured at Level I, plus the following: sales tax amount,
customer's accounting code, merchant's tax ID number, applicable minority
- and women-owned business status and sales outlet ZIP code.
Level 3 Data - 🧠 ANSWER ✔✔Level III purchasing card data includes the
same information captured at Levels I and II, plus the following: quantities,
product codes, product descriptions, ship to ZIP, freight amount, duty
amount, order/ticket number, unit of measure, extended item amount,
discount indicator, discount amount, net/gross indicator, tax rate applied,
tax type applied, debit or credit indicator and alternate tax identifier.
Discount Rate (Credit/Debit) - 🧠 ANSWER ✔✔The discount rate is the fee
paid by merchants to credit card processors as a fee associated with
