PCIP Practice Questions and Answers Already Graded A

PCIP Practice Questions and Answers Already Graded A 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_______________. 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