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PCIP Practice Questions And Answers

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2023/2024 Written for academic year
Institution PCIP Certificates
Course PCIP Certificates
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1. 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 2. 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 3. 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 4. 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

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