ETA CPP Exam
AML – answer Anti-Money Laundering
APF - answer Acquirer Processing Fee
AVS - answer Address Verification Service
CNP - answer Card Not Present
CVV - answer Card Verification Value
E2EE - answer End to End Encryption
ECM - answer Excessive Chargeback Merchant
ECP - answer Excessive Chargeback Program
EDD - answer Enhanced Due Diligence
EMV – answer Euro Pay Mastercard Visa
FANF - answer Fixed Acquirer Network Fee
ISO - answer Independent Sales Organization
IVR - answerInteractive Voice Response
KYC - answerKnow Your Client
MCC - answerMerchant Category Code
MOTO - answerMail Order Telephone Order
NABU - answerNetwork Access Brand Usage
NFC - answerNear Field Communication
NSF - answerNon-Sufficient Funds
OFAC - answerOffice of Foreign Assets Control
P2PE - answerPoint to Point Encryption
, PCI - answerPayment Card Industry
PEP - answerPolitically Exposed Person
PF - answerPayment Facilitator
POS - answerPoint of Sale
SIC - answerStandard Industrial Classification
SSL - answerSecure Socket Location
TLS - answerTransport Layer Security
TOS - answerTerm of Sale
VAR - answerValue Added Reseller
VCMP - answerVisa Chargeback Monitoring Program
VPN - answerVirtual Private Network
Acquiring Bank - answerthe bank or financial institution that processes card payments
on behalf of a merchant
Authorization - answerapproval from the issuing bank for the pending transaction
Basis Points - answer1/100th of 1%; commonly used when referencing payment pricing
and effective rates.
Batching - answerThe sending of authorized transactions to the acquirer as a means of
finalizing transactions and initiating the settlement process.
Card Brands - answerThe pillars of the card processing network, accountable for setting
and updating the rules of card processing and acceptance.
Card Holder - answeran end user or consumer
Card Issuer - answerany banking institution that provides credit or debit cards to
consumers
Chargeback - answerIn Card Processing: a transaction which the cardholder has
identified as fraudulent to their issuing bank, In ACH: A failed ACH transaction
AML – answer Anti-Money Laundering
APF - answer Acquirer Processing Fee
AVS - answer Address Verification Service
CNP - answer Card Not Present
CVV - answer Card Verification Value
E2EE - answer End to End Encryption
ECM - answer Excessive Chargeback Merchant
ECP - answer Excessive Chargeback Program
EDD - answer Enhanced Due Diligence
EMV – answer Euro Pay Mastercard Visa
FANF - answer Fixed Acquirer Network Fee
ISO - answer Independent Sales Organization
IVR - answerInteractive Voice Response
KYC - answerKnow Your Client
MCC - answerMerchant Category Code
MOTO - answerMail Order Telephone Order
NABU - answerNetwork Access Brand Usage
NFC - answerNear Field Communication
NSF - answerNon-Sufficient Funds
OFAC - answerOffice of Foreign Assets Control
P2PE - answerPoint to Point Encryption
, PCI - answerPayment Card Industry
PEP - answerPolitically Exposed Person
PF - answerPayment Facilitator
POS - answerPoint of Sale
SIC - answerStandard Industrial Classification
SSL - answerSecure Socket Location
TLS - answerTransport Layer Security
TOS - answerTerm of Sale
VAR - answerValue Added Reseller
VCMP - answerVisa Chargeback Monitoring Program
VPN - answerVirtual Private Network
Acquiring Bank - answerthe bank or financial institution that processes card payments
on behalf of a merchant
Authorization - answerapproval from the issuing bank for the pending transaction
Basis Points - answer1/100th of 1%; commonly used when referencing payment pricing
and effective rates.
Batching - answerThe sending of authorized transactions to the acquirer as a means of
finalizing transactions and initiating the settlement process.
Card Brands - answerThe pillars of the card processing network, accountable for setting
and updating the rules of card processing and acceptance.
Card Holder - answeran end user or consumer
Card Issuer - answerany banking institution that provides credit or debit cards to
consumers
Chargeback - answerIn Card Processing: a transaction which the cardholder has
identified as fraudulent to their issuing bank, In ACH: A failed ACH transaction
