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PCIP Practice Exam Questions and
Answers 100% Solved
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
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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
PCIP Practice Exam Questions and
Answers 100% Solved
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
, ©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
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
