2025 ETA CPP Study Course
The (_______________) is made up of a combination of gamers that engage with each
other for the duration of the payment transaction manner: issuers and acquirers, credit card
networks, fee processors, payment gateways, impartial income companies and
value-delivered resellers, and charge facilitators.
Bills surroundings
three multiple desire options
The (______________) cycle is complicated and has a variety of transferring components.
Payment processing
3 more than one choice alternatives
How many steps are normally in the "authorization" manner for accepting a payment?
7
three more than one choice alternatives
The patron purchases goods or services from the (__________) and swipes their credit or
debit card thru a factor-of-sale (POS) terminal or device that (__________) the purchaser's
card facts.
Merchant/Captures
three multiple preference alternatives
The purchaser's card records is transmitted to the merchant's (__________), who in turn
passes the (__________) and transaction amount to the merchant's financial institution (the
acquirer or acquiring bank).
Payment Processor/Card Information
3 a couple of preference alternatives
Which entities are taken into consideration "Acquirer's" or "Acquiring Banks"?
TSYS/Fiserv/First Data
three a couple of preference options
The (____________) captures the transaction and forwards the records to the client's credit
card community (e.G. Visa, Mastercard).
Obtaining financial institution
three more than one preference alternatives
,The (________________) then routes the transaction to the cardholder's financial institution
(the issuer, or issuing bank), and requests an approval. The transaction is accepted or
declined relying at the availability of finances and the fame of the cardholder's account. This
approval method is referred to as authorization.
Credit card network
3 a couple of desire alternatives
The (______________) sends the reaction back to the credit card network. If the
authorization turned into approved, the issuing financial institution assigns and transmits an
authorization code at the side of its response, and a hold is placed on the cardholder's
budget.
Issuing bank
3 multiple desire options
The credit score card community sends the approval to the merchant's (______________),
who in turn sends the approval to the obtaining bank.
Charge processor
three more than one preference alternatives
The obtaining financial institution routes the (_____________) or "reaction" to the service
provider's terminal. Depending at the service provider or transaction type, the merchant's
terminal may additionally print a receipt for the purchaser to sign.
Approval code
3 a couple of preference options
How many steps are there within the "settlement system"?
5
three a couple of desire alternatives
At the end of every day, the merchant closes out the day's income and transmits the data to
their (__________).
Charge processor
three multiple preference options
The (__________) routes all transaction records to the credit card community for agreement.
Acquiring bank
3 more than one preference alternatives
The issuing bank transfers the finances to the service provider's (__________), minus the
interchange rate.
, Acquiring bank
3 multiple desire options
The acquiring bank then deposits the quantity, much less the service provider discount fee,
to the merchant's (_____________).
Financial institution account
three more than one desire alternatives
The (_________________) payments the cardholder for the transaction.
Issuing bank
3 a couple of choice alternatives
What is the everyday outline of the merchant price processing cycle?
CustomerMerchant TerminalPayment ProcessorAcquiring BankCard NetworkIssuing Bank
3 a couple of preference alternatives
(_______________) are banks or other monetary institutions that trouble credit score playing
cards to customers on behalf of the cardboard networks.
Issuers
three more than one choice alternatives
Which entities are taken into consideration "Issuers" or "Issuing Banks"?
Chase/Bank of America/Wells Fargo
3 a couple of desire alternatives
A/An (_____________) is a bank or monetary organization that permits a merchant to
accept credit score card payments from a patron's card-issuing bank inside a credit score
card community.
Acquirer
3 multiple desire alternatives
(____________) consisting of Visa, MasterCard, American Express, and Discover facilitate
transactions among purchasers, merchants, processors, and banks.
Card Networks
three a couple of desire options
(___________________), additionally known as merchant provider carriers, are
organizations that work inside the heritage to provide payment processing offerings to
traders.
Payment Processors
The (_______________) is made up of a combination of gamers that engage with each
other for the duration of the payment transaction manner: issuers and acquirers, credit card
networks, fee processors, payment gateways, impartial income companies and
value-delivered resellers, and charge facilitators.
Bills surroundings
three multiple desire options
The (______________) cycle is complicated and has a variety of transferring components.
Payment processing
3 more than one choice alternatives
How many steps are normally in the "authorization" manner for accepting a payment?
7
three more than one choice alternatives
The patron purchases goods or services from the (__________) and swipes their credit or
debit card thru a factor-of-sale (POS) terminal or device that (__________) the purchaser's
card facts.
Merchant/Captures
three multiple preference alternatives
The purchaser's card records is transmitted to the merchant's (__________), who in turn
passes the (__________) and transaction amount to the merchant's financial institution (the
acquirer or acquiring bank).
Payment Processor/Card Information
3 a couple of preference alternatives
Which entities are taken into consideration "Acquirer's" or "Acquiring Banks"?
TSYS/Fiserv/First Data
three a couple of preference options
The (____________) captures the transaction and forwards the records to the client's credit
card community (e.G. Visa, Mastercard).
Obtaining financial institution
three more than one preference alternatives
,The (________________) then routes the transaction to the cardholder's financial institution
(the issuer, or issuing bank), and requests an approval. The transaction is accepted or
declined relying at the availability of finances and the fame of the cardholder's account. This
approval method is referred to as authorization.
Credit card network
3 a couple of desire alternatives
The (______________) sends the reaction back to the credit card network. If the
authorization turned into approved, the issuing financial institution assigns and transmits an
authorization code at the side of its response, and a hold is placed on the cardholder's
budget.
Issuing bank
3 multiple desire options
The credit score card community sends the approval to the merchant's (______________),
who in turn sends the approval to the obtaining bank.
Charge processor
three more than one preference alternatives
The obtaining financial institution routes the (_____________) or "reaction" to the service
provider's terminal. Depending at the service provider or transaction type, the merchant's
terminal may additionally print a receipt for the purchaser to sign.
Approval code
3 a couple of preference options
How many steps are there within the "settlement system"?
5
three a couple of desire alternatives
At the end of every day, the merchant closes out the day's income and transmits the data to
their (__________).
Charge processor
three multiple preference options
The (__________) routes all transaction records to the credit card community for agreement.
Acquiring bank
3 more than one preference alternatives
The issuing bank transfers the finances to the service provider's (__________), minus the
interchange rate.
, Acquiring bank
3 multiple desire options
The acquiring bank then deposits the quantity, much less the service provider discount fee,
to the merchant's (_____________).
Financial institution account
three more than one desire alternatives
The (_________________) payments the cardholder for the transaction.
Issuing bank
3 a couple of choice alternatives
What is the everyday outline of the merchant price processing cycle?
CustomerMerchant TerminalPayment ProcessorAcquiring BankCard NetworkIssuing Bank
3 a couple of preference alternatives
(_______________) are banks or other monetary institutions that trouble credit score playing
cards to customers on behalf of the cardboard networks.
Issuers
three more than one choice alternatives
Which entities are taken into consideration "Issuers" or "Issuing Banks"?
Chase/Bank of America/Wells Fargo
3 a couple of desire alternatives
A/An (_____________) is a bank or monetary organization that permits a merchant to
accept credit score card payments from a patron's card-issuing bank inside a credit score
card community.
Acquirer
3 multiple desire alternatives
(____________) consisting of Visa, MasterCard, American Express, and Discover facilitate
transactions among purchasers, merchants, processors, and banks.
Card Networks
three a couple of desire options
(___________________), additionally known as merchant provider carriers, are
organizations that work inside the heritage to provide payment processing offerings to
traders.
Payment Processors
