NAPCP - CPCP Cer fica on, CPCP Exam Ques ons and
answers Newest RATED A+ 2025/2026 NEW!!
CPCP
Cer fied Purchasing Card Professional
PCPCC
Purchasing Card Professional Cer fica on Council
grants CPCP designa on
NAPCP
Na onal Associa on of Purchasing Card Professional
grants CPCP designa on in conjunc on with PCPCC
Have exclusive and sole property of CPCP creden al ini als
CPCP Code of Ethics
1. Maintain integrity of the CPCP exam
2. Comply with the law in all ac vi es related to P-Card Program, Influence workplace prac ces,
& Report illegal behavior
3. Maintain ethical leadership by demonstra ng promo ng highest standards of honesty,
confiden ality, and integrity. Ques on prac ces & procedures when necessary
4. Build trust by avoiding conflicts of interest, unethical rela onships, improper ac ons and/or
indiscreet communica ons
5. Manage confiden al and Proprietary informa on with due care and proper considera on for
ethical, legal, and regulatory ramifica ons
6. Understand and Respect policies and regula ons pf my employer and the card provider
organiza on
7. Develop and Maintain a professional level of competence and credibility through con nuing
ed. and professional cer fica on through the CPCP program
,8. Act as a mentor by contribu ng to the body of knowledge and growth of the Purchasing Card
profession
What would best prevent fraud in a P-Card Program
Establishing a system of checks and balances
What is the best first step in the development of a P-Card program?
Crea ng a business case
What is the main objec ve of the P-Card RFP process?
To select a provider objec vely
The primary goal of a P-card program is to?
Streamline the process for acquiring low-cost goods
Reducing or elimina ng cash funds through P-Card use results in?
A greater capture of transac on data
What is a best prac ce concerning MCC restric ons?
U lize some standard profiles based on card usage
The primary customers of merchant acquirers are?
Suppliers of goods and services
Who is a merchant acquirer?
A bank or other contracted party that processes supplier card transac ons.
Enroll suppliers in the card acceptance process and implement equipment and so>ware
solu ons related to this purpose. They facilitate payment flow, including payments to suppliers.
They are the supplier's bank
What is another name for merchant?
Supplier
What is a merchant discount fee?
A fee paid by a supplier (merchant) to a bank or other contracted party for services relate to the
processing of the merchant's card transac ons
What are the two types of card payment systems?
,Four-Party Payment System and Three-Party Payment System
What is a four-party payment system?
merchant discount fee includes interchange-a fee paid by a merchant acquirer to the issuing
bank(card issuer), plus addi onal clearing and seBling fees. It compensates the issuer for the
me a>er seBlement with the acquiring bank/merchant and before it recoups the seBlement
value from the end-user. It is a source of revenue for the issuers. Ex. Visa and Mastercard
What is a three-party payment system?
No interchange component but the merchant s ll pays a merchant discount fee in conjunc on
with card acceptance. Ex. tradi onal Am. Express Model
What are the steps in the tradi onal procure-to-pay process?
1. Process a requisi on
2. Process a Purchase Order
3. Process a Invoice
4. Process a Check for payment
What is the es mated process cost of the tradi onal process?
$50 to $200
Are the process cost the same for both low value and high value transac ons using a tradi onal
procure-to-pay process?
Yes
How do p-cards simplify the procure-to-pay process?
1. Streamlines the process
2. Procure goods and services in a mely manner
3. Reduce transac on costs
4. Track expenses
5. Take advantage of Supplier Discounts
6. Reduce or Redirect Purchasing Staff and/or AP Staff
7. Reduce or Eliminate PeBy Cash
How do p-cards benefit suppliers (merchants)
1. Cost reduc ons by elimina ng invoice crea on, handling and mailing, deposi ng payments,
and collec on ac vi es
, 2. Funds deposited electronically
3. Faster receipt of payments and improved cash flow
4. Increased sales
5. Customer sa sfac on
6. Staff reduc ons and/or redirec on in AR
What is an Interchange Fee?
Also called a swipe fee. Fee charged by banks to the merchant who processes a credit card or
debit card payment. The purpose of the fee is to cover the costs associated with accep ng,
processing and authorizing card transac ons. Paid by suppliers (merchants) to the merchant
acquirer.
What is a surcharge fee?
Also called a checkout fee. An addi onal fee that a merchant adds to a consumer's bill when he
or she uses a card for payment. Paid by consumers to the merchant
What did the Durbin amendment do?
The Durbin amendment is part of the 2010 Dodd-Frank law, which sharply lowered debit card
interchange fees — charges that stores pay banks when a customer makes a purchase using
debit cards
What is the Durbin Amendment?
A federal measure called the Durbin Amendment introduced limits on transac on fees collected
when debit card purchases are made. Passed in 2011.
Dodd-Frank Wall Street Reform and Consumer Protec on Act
Dodd-Frank was passed in 2010 in order to protect consumers from the unfair and decep ve
prac ces and products that led to the 2008 crisis; give regulators the tools to ensure that no
Wall Street firm grows too large, complex, or risky so as to threaten the global economy; create
transparency in previously opaque
President Obama's Wall Street reform law created an independent agency to set and enforce
clear, consistent rules for the financial marketplace. The Consumer Financial Protec on Bureau
answers Newest RATED A+ 2025/2026 NEW!!
CPCP
Cer fied Purchasing Card Professional
PCPCC
Purchasing Card Professional Cer fica on Council
grants CPCP designa on
NAPCP
Na onal Associa on of Purchasing Card Professional
grants CPCP designa on in conjunc on with PCPCC
Have exclusive and sole property of CPCP creden al ini als
CPCP Code of Ethics
1. Maintain integrity of the CPCP exam
2. Comply with the law in all ac vi es related to P-Card Program, Influence workplace prac ces,
& Report illegal behavior
3. Maintain ethical leadership by demonstra ng promo ng highest standards of honesty,
confiden ality, and integrity. Ques on prac ces & procedures when necessary
4. Build trust by avoiding conflicts of interest, unethical rela onships, improper ac ons and/or
indiscreet communica ons
5. Manage confiden al and Proprietary informa on with due care and proper considera on for
ethical, legal, and regulatory ramifica ons
6. Understand and Respect policies and regula ons pf my employer and the card provider
organiza on
7. Develop and Maintain a professional level of competence and credibility through con nuing
ed. and professional cer fica on through the CPCP program
,8. Act as a mentor by contribu ng to the body of knowledge and growth of the Purchasing Card
profession
What would best prevent fraud in a P-Card Program
Establishing a system of checks and balances
What is the best first step in the development of a P-Card program?
Crea ng a business case
What is the main objec ve of the P-Card RFP process?
To select a provider objec vely
The primary goal of a P-card program is to?
Streamline the process for acquiring low-cost goods
Reducing or elimina ng cash funds through P-Card use results in?
A greater capture of transac on data
What is a best prac ce concerning MCC restric ons?
U lize some standard profiles based on card usage
The primary customers of merchant acquirers are?
Suppliers of goods and services
Who is a merchant acquirer?
A bank or other contracted party that processes supplier card transac ons.
Enroll suppliers in the card acceptance process and implement equipment and so>ware
solu ons related to this purpose. They facilitate payment flow, including payments to suppliers.
They are the supplier's bank
What is another name for merchant?
Supplier
What is a merchant discount fee?
A fee paid by a supplier (merchant) to a bank or other contracted party for services relate to the
processing of the merchant's card transac ons
What are the two types of card payment systems?
,Four-Party Payment System and Three-Party Payment System
What is a four-party payment system?
merchant discount fee includes interchange-a fee paid by a merchant acquirer to the issuing
bank(card issuer), plus addi onal clearing and seBling fees. It compensates the issuer for the
me a>er seBlement with the acquiring bank/merchant and before it recoups the seBlement
value from the end-user. It is a source of revenue for the issuers. Ex. Visa and Mastercard
What is a three-party payment system?
No interchange component but the merchant s ll pays a merchant discount fee in conjunc on
with card acceptance. Ex. tradi onal Am. Express Model
What are the steps in the tradi onal procure-to-pay process?
1. Process a requisi on
2. Process a Purchase Order
3. Process a Invoice
4. Process a Check for payment
What is the es mated process cost of the tradi onal process?
$50 to $200
Are the process cost the same for both low value and high value transac ons using a tradi onal
procure-to-pay process?
Yes
How do p-cards simplify the procure-to-pay process?
1. Streamlines the process
2. Procure goods and services in a mely manner
3. Reduce transac on costs
4. Track expenses
5. Take advantage of Supplier Discounts
6. Reduce or Redirect Purchasing Staff and/or AP Staff
7. Reduce or Eliminate PeBy Cash
How do p-cards benefit suppliers (merchants)
1. Cost reduc ons by elimina ng invoice crea on, handling and mailing, deposi ng payments,
and collec on ac vi es
, 2. Funds deposited electronically
3. Faster receipt of payments and improved cash flow
4. Increased sales
5. Customer sa sfac on
6. Staff reduc ons and/or redirec on in AR
What is an Interchange Fee?
Also called a swipe fee. Fee charged by banks to the merchant who processes a credit card or
debit card payment. The purpose of the fee is to cover the costs associated with accep ng,
processing and authorizing card transac ons. Paid by suppliers (merchants) to the merchant
acquirer.
What is a surcharge fee?
Also called a checkout fee. An addi onal fee that a merchant adds to a consumer's bill when he
or she uses a card for payment. Paid by consumers to the merchant
What did the Durbin amendment do?
The Durbin amendment is part of the 2010 Dodd-Frank law, which sharply lowered debit card
interchange fees — charges that stores pay banks when a customer makes a purchase using
debit cards
What is the Durbin Amendment?
A federal measure called the Durbin Amendment introduced limits on transac on fees collected
when debit card purchases are made. Passed in 2011.
Dodd-Frank Wall Street Reform and Consumer Protec on Act
Dodd-Frank was passed in 2010 in order to protect consumers from the unfair and decep ve
prac ces and products that led to the 2008 crisis; give regulators the tools to ensure that no
Wall Street firm grows too large, complex, or risky so as to threaten the global economy; create
transparency in previously opaque
President Obama's Wall Street reform law created an independent agency to set and enforce
clear, consistent rules for the financial marketplace. The Consumer Financial Protec on Bureau
