PCIP Practice Questions and Answers with Certified Solutions

PCIP Practice Questions and Answers
with Certified Solutions
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_______________.