PCIP Practice Questions and Correct Answers | Latest Update

1 for specific request mail




PCIP Practice Questions and Correct Answers | Latest
Update
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
Assignment Expert




Ans: Correct Answer: D
Guru01 - Stuvia




Which of the following entities will actually approve a purchase?

A. Non-Issuing Merchant Bank

B. Issuing Bank
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C. Payment Transaction Gateway
©




D. Acquiring Bank

Ans: 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

Ans: Correct Answer: C

, 2 for specific request mail




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
Assignment Expert




Ans: Correct Answer: B

QUESTION 16
Guru01 - Stuvia




Cardholder Data may be stored in "KNOWN" and "UNKNOWN" locations.

A. True
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B. False

Ans: Correct Answer: A
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Storing Track Data "Long-Term" or "persistently" may be permitted
if_______________.

A. it is being stored by issuers

B. it is reported to the PCI SSC annually in a RoC

C. it is encrypted by the merchant storing it

D. it is hashed by the merchant storing it

Ans: Correct Answer: A

PCI DSS Requirement 3.4 states the PAN must be rendered unreadable
when stored, using___________.