ETA CPP EVALUATION TEST ANSWERS AND
QUESTIONS SET A+
✔✔Encrypt - ✔✔A generic term encompassing encipher and encode. To convert plain
text into unintelligible forms by means of a cryptosystem. (Source: Federal Standard
1037C, Telecommunications: Glossary of Telecommunication Terms)
✔✔Encrypting Pin Pad (EPP) - ✔✔A PIN pad that performs message encryption and
decryption, usually DES or 3DES. See also Data Encryption Standard.
✔✔Encryption - ✔✔A data security technique in which machine‐readable data are
scrambled and must be decoded before they can be processed.
✔✔Encryption Algorithm - ✔✔In cryptography, a set of mathematically expressed rules
for rendering data eligible by executing a series of conversions controlled by a key.
(Source: Federal Standard 1037C, Telecommunications: Glossary of
Telecommunication Terms)
✔✔Encryption Key - ✔✔A string of characters or numbers, private to the parties using a
particular encryption process that allows the originator of a message to encrypt the
message and the receiver to decrypt it.
✔✔Encryption Support Service Provider (ESSP) - ✔✔Services obtained from an
organization, not an acquirer, whose benefit security-related business relationship with
an acquirer includes: loading software into a terminal that will accept benefit security
cards; loading or injecting encryption keys into terminals or PIN pads; or merchant help
desk support that includes reprogramming of terminal software.
✔✔Enhanced Authorization Service - ✔✔A VisaNet service providing issuers with all of
the following: automated management of authorization request volumes, automated
exception file updates, and enhanced reporting of authorization activity.
✔✔Enhanced Data - ✔✔Also called Level 2 and Level 3 data. Data provided through
the card companies to the issuer in connection with a commercial, purchasing, fleet or
,business card program. Such data may include both or either merchant level or
transaction‐level data.
✔✔Enhanced Merchant-Level Data - ✔✔Merchant‐related data provided through a card
company to an issuer in connection with a commercial, purchasing, fleet or business
card program. Such data may include: merchant street address, telephone number,
incorporation status, owner's name, minority‐ and woman owned business status, and
taxpayer identification number.
✔✔Enhanced Transaction-Level Data - ✔✔Transaction‐related data provided through a
card company to an issuer in connection with a commercial, purchasing, fleet or
business card program. Such data may include: accounting code, sales tax, description
of items purchased, cost per unit, number of units, vehicle fleet data (vehicle/driver ID,
odometer reading), and detailed itinerary information (airline, origination/destination,
class of travel).
✔✔Enhanced Visa Wordmark - ✔✔A Visa‐owned mark representing the Visa corporate
identity, consisting of the Visa logotype centered above the comet design. Visa updated
their wordmark and logo in March 2005. The ʹVʹ in Visa was enhanced with a gold color
to highlight the Visa wordmark's unique serif. The word ʹVisaʹ is much more prominent.
The banners used as borders in the current design were eliminated.
✔✔Enhancement Services - ✔✔Value‐added services (such as an extended purchase
warranty) that increase the bank card program's appeal to the cardholder.
✔✔Enrollment - ✔✔The process by which a customer establishes a relationship with a
provider of bill, gift card, biometrics programs, or any program in which the consumer
must initiate the exchange of payment and personal information in order to participate.
✔✔Enterprise Resource Program (ERP) - ✔✔Integrated, corporate‐wide applications
such as accounts receivable, accounts payable, purchasing, customer relationship
management, and treasury.
✔✔Entitlement - ✔✔The government program benefits given to qualified members of a
specific group.
✔✔Entitlement Date - ✔✔The day that benefits are issued to recipients.
✔✔Entrepreneur - ✔✔The person who assumes the financial risk of the initiation,
operation, and management of a business or undertaking. He/she is primarily a financial
and/or professional risk taker.
✔✔Entry - ✔✔An electronic item representing the transfer of funds in the ACH Network.
, ✔✔Enveloping - ✔✔A process by which documents of the same type or purpose are
grouped together, bound, and sent to the same destination in an electronic envelope.
Enveloping is accomplished with an electronic data interchange management software
function.
✔✔EOM - ✔✔Abbreviation for end‐of‐month.
✔✔e-P3 - ✔✔MasterCard purchasing card program that integrates payment processing
with remittance processing.
✔✔EPP - ✔✔See Encrypting PIN Pad.
✔✔EPS - ✔✔See Express Payment Service.
✔✔ePurse - ✔✔See Electronic Purse.
✔✔Equal Credit Opportunity Act (ECOA) - ✔✔The federal law enacted in 1974 that
requires that all U.S. financial institutions make credit available equally to all
creditworthy customers regardless of age, marital status, race, color, religion, or
national origin. Also called Regulation B.
✔✔Equity - ✔✔Value when business debts are subtracted from the business current
market value. For example, if debts amount to $100,000, but the business could sell for
$300,000, then the business has $200,000 in equity. The residual value of a business or
property beyond any mortgage thereon and liability therein.
✔✔Equity Interests - ✔✔A relationship structure among some ISOs/MSPs and their
sponsors in which the ISO/MSP has negotiated an equity interest in the portfolio. Some
of the terms include: right of first refusal to sell the portfolio, division of equity in monthly
revenue and sales process, and some form of portfolio valuation.
✔✔ERP - ✔✔See Enterprise Resource Program.
✔✔Error Resolution Process - ✔✔Procedures required under Regulation E for resolving
a consumer's allegation that entries were improperly charged to his/her account.
✔✔ESA (External Sales Agent) - ✔✔The American Express program that allows an
independent sales organization to sell the acceptance of American Express cards to
merchants. American Express pays the agent an agreed‐upon fixed fee for each
approved application and allows the sales entity to retain amounts over the set discount
rate as an inducement to sell and to reimburse the agent for the cost of sales.
✔✔Escheatment - ✔✔The process of turning over unclaimed or abandoned funds or
property to a state authority.
QUESTIONS SET A+
✔✔Encrypt - ✔✔A generic term encompassing encipher and encode. To convert plain
text into unintelligible forms by means of a cryptosystem. (Source: Federal Standard
1037C, Telecommunications: Glossary of Telecommunication Terms)
✔✔Encrypting Pin Pad (EPP) - ✔✔A PIN pad that performs message encryption and
decryption, usually DES or 3DES. See also Data Encryption Standard.
✔✔Encryption - ✔✔A data security technique in which machine‐readable data are
scrambled and must be decoded before they can be processed.
✔✔Encryption Algorithm - ✔✔In cryptography, a set of mathematically expressed rules
for rendering data eligible by executing a series of conversions controlled by a key.
(Source: Federal Standard 1037C, Telecommunications: Glossary of
Telecommunication Terms)
✔✔Encryption Key - ✔✔A string of characters or numbers, private to the parties using a
particular encryption process that allows the originator of a message to encrypt the
message and the receiver to decrypt it.
✔✔Encryption Support Service Provider (ESSP) - ✔✔Services obtained from an
organization, not an acquirer, whose benefit security-related business relationship with
an acquirer includes: loading software into a terminal that will accept benefit security
cards; loading or injecting encryption keys into terminals or PIN pads; or merchant help
desk support that includes reprogramming of terminal software.
✔✔Enhanced Authorization Service - ✔✔A VisaNet service providing issuers with all of
the following: automated management of authorization request volumes, automated
exception file updates, and enhanced reporting of authorization activity.
✔✔Enhanced Data - ✔✔Also called Level 2 and Level 3 data. Data provided through
the card companies to the issuer in connection with a commercial, purchasing, fleet or
,business card program. Such data may include both or either merchant level or
transaction‐level data.
✔✔Enhanced Merchant-Level Data - ✔✔Merchant‐related data provided through a card
company to an issuer in connection with a commercial, purchasing, fleet or business
card program. Such data may include: merchant street address, telephone number,
incorporation status, owner's name, minority‐ and woman owned business status, and
taxpayer identification number.
✔✔Enhanced Transaction-Level Data - ✔✔Transaction‐related data provided through a
card company to an issuer in connection with a commercial, purchasing, fleet or
business card program. Such data may include: accounting code, sales tax, description
of items purchased, cost per unit, number of units, vehicle fleet data (vehicle/driver ID,
odometer reading), and detailed itinerary information (airline, origination/destination,
class of travel).
✔✔Enhanced Visa Wordmark - ✔✔A Visa‐owned mark representing the Visa corporate
identity, consisting of the Visa logotype centered above the comet design. Visa updated
their wordmark and logo in March 2005. The ʹVʹ in Visa was enhanced with a gold color
to highlight the Visa wordmark's unique serif. The word ʹVisaʹ is much more prominent.
The banners used as borders in the current design were eliminated.
✔✔Enhancement Services - ✔✔Value‐added services (such as an extended purchase
warranty) that increase the bank card program's appeal to the cardholder.
✔✔Enrollment - ✔✔The process by which a customer establishes a relationship with a
provider of bill, gift card, biometrics programs, or any program in which the consumer
must initiate the exchange of payment and personal information in order to participate.
✔✔Enterprise Resource Program (ERP) - ✔✔Integrated, corporate‐wide applications
such as accounts receivable, accounts payable, purchasing, customer relationship
management, and treasury.
✔✔Entitlement - ✔✔The government program benefits given to qualified members of a
specific group.
✔✔Entitlement Date - ✔✔The day that benefits are issued to recipients.
✔✔Entrepreneur - ✔✔The person who assumes the financial risk of the initiation,
operation, and management of a business or undertaking. He/she is primarily a financial
and/or professional risk taker.
✔✔Entry - ✔✔An electronic item representing the transfer of funds in the ACH Network.
, ✔✔Enveloping - ✔✔A process by which documents of the same type or purpose are
grouped together, bound, and sent to the same destination in an electronic envelope.
Enveloping is accomplished with an electronic data interchange management software
function.
✔✔EOM - ✔✔Abbreviation for end‐of‐month.
✔✔e-P3 - ✔✔MasterCard purchasing card program that integrates payment processing
with remittance processing.
✔✔EPP - ✔✔See Encrypting PIN Pad.
✔✔EPS - ✔✔See Express Payment Service.
✔✔ePurse - ✔✔See Electronic Purse.
✔✔Equal Credit Opportunity Act (ECOA) - ✔✔The federal law enacted in 1974 that
requires that all U.S. financial institutions make credit available equally to all
creditworthy customers regardless of age, marital status, race, color, religion, or
national origin. Also called Regulation B.
✔✔Equity - ✔✔Value when business debts are subtracted from the business current
market value. For example, if debts amount to $100,000, but the business could sell for
$300,000, then the business has $200,000 in equity. The residual value of a business or
property beyond any mortgage thereon and liability therein.
✔✔Equity Interests - ✔✔A relationship structure among some ISOs/MSPs and their
sponsors in which the ISO/MSP has negotiated an equity interest in the portfolio. Some
of the terms include: right of first refusal to sell the portfolio, division of equity in monthly
revenue and sales process, and some form of portfolio valuation.
✔✔ERP - ✔✔See Enterprise Resource Program.
✔✔Error Resolution Process - ✔✔Procedures required under Regulation E for resolving
a consumer's allegation that entries were improperly charged to his/her account.
✔✔ESA (External Sales Agent) - ✔✔The American Express program that allows an
independent sales organization to sell the acceptance of American Express cards to
merchants. American Express pays the agent an agreed‐upon fixed fee for each
approved application and allows the sales entity to retain amounts over the set discount
rate as an inducement to sell and to reimburse the agent for the cost of sales.
✔✔Escheatment - ✔✔The process of turning over unclaimed or abandoned funds or
property to a state authority.
