Payment Risk Management Controls-APRP Questions and Answers
with Verified Solutions | Latest 2026 Update
Q: Business Continuity Plan(BCP)
Answer:
A comprehensive written plan to maintain or resume business
in the event of a disruption.
Q: Business Impact Analysis (BIA)
Answer:
Process of identifying the potential impact of uncontrolled,
non-specific events on an institution's business process.
Q: Business Continuity Strategy
Answer:
Comprehensive strategies to recover, resume and maintain all
critical business functions.
, Payment Risk Management Controls-APRP Questions and Answers
with Verified Solutions | Latest 2026 Update
Q: Risk Mitigation
Answer:
Process of reducing risks through the introduction of specific controls and
risk transfer.
Q: Transaction Testing
Answer:
A testing activity designed to validate the continuity of business
transactions and the replication of associated date.
Q: Test Plan
Answer:
A document based on the institutions test scope and objectives and includes
various test methods.
with Verified Solutions | Latest 2026 Update
Q: Business Continuity Plan(BCP)
Answer:
A comprehensive written plan to maintain or resume business
in the event of a disruption.
Q: Business Impact Analysis (BIA)
Answer:
Process of identifying the potential impact of uncontrolled,
non-specific events on an institution's business process.
Q: Business Continuity Strategy
Answer:
Comprehensive strategies to recover, resume and maintain all
critical business functions.
, Payment Risk Management Controls-APRP Questions and Answers
with Verified Solutions | Latest 2026 Update
Q: Risk Mitigation
Answer:
Process of reducing risks through the introduction of specific controls and
risk transfer.
Q: Transaction Testing
Answer:
A testing activity designed to validate the continuity of business
transactions and the replication of associated date.
Q: Test Plan
Answer:
A document based on the institutions test scope and objectives and includes
various test methods.
