ETA CPP Exam
Acquiring Bank - ANS-the financial institution or economic organization that techniques card
payments on behalf of a merchant
AML - ANS-Anti-Money Laundering
APF - ANS-Acquirer Processing Fee
Authorization - ANS-approval from the issuing financial institution for the pending transaction
AVS - ANS-Address Verification Service
Basis Points - ANS-1/100th of 1%; typically used when referencing charge pricing and
powerful costs.
Batching - ANS-The sending of legal transactions to the acquirer as a method of finalizing
transactions and beginning the settlement technique.
Card Brands - ANS-The pillars of the card processing network, responsible for putting and
updating the policies of card processing and recognition.
Card Holder - ANS-an quit consumer or customer
Card Issuer - ANS-any banking institution that provides credit score or debit cards to
consumers
Chargeback - ANS-In Card Processing: a transaction which the cardholder has recognized
as fraudulent to their issuing financial institution, In ACH: A failed ACH transaction
Clearing and Settlement - ANS-The procedure of shifting legal and settled budget from the
cardholder to the merchant.
CNP - ANS-Card Not Present
Credit Card - ANS-A physical or virtual card, allowing cardholders to purchase items or
offerings on credit score.
CVV - ANS-Card Verification Value
Debit Card - ANS-offers the cardholder digital access to his or her bank account(s) at a
financial group
, debit, qual (standard CC), non-qual (rewards playing cards), mid qual (CNP) - ANS-What are
the four buckets of tiered pricing?
Relies upon on the cardboard kind, statistics handed alongside from POS, the applications in
place through the issuer, and the ancillary records that movements thru the system with
each transaction - ANS-What determines charge qualification?
Deposit statistics - ANS-every day account of the month's transaction info
deposit object summary - ANS-a summary of the months transactions
Dodd-Frank Act - ANS-positioned regulations on the financial industry and created programs
to prevent mortgage companies and lenders from taking benefit of purchasers.
E2EE - ANS-End to End Encryption
ECM - ANS-Excessive Chargeback Merchant
ECP - ANS-Excessive Chargeback Program
EDD - ANS-Enhanced Due Diligence
EMV - ANS-EuroPay Mastercard Visa
EMV - ANS-is a fee technique primarily based upon a technical wellknown for smart
payment playing cards and for payment terminals and automated teller machines that can
accept them. EMV in the beginning stood for "Europay, Mastercard, and Visa", the three
companies which created the usual. Www.Emvco.Com
FANF - ANS-Fixed Acquirer Network Fee
Flat Rate Pricing - ANS-a single fee (often % of the sale quantity + $ in line with transaction)
is provided to the merchant irrespective of card type used. This permit the service provider to
apprehend all cost while not having to apprehend the complexities of interchange
Flat Rate Pricing Most Commonly Used When: - ANS-there's a need to price frequently and
virtually, casting off the want for pricing negotiation. The need for aggressive pricing is much
less than the want for instant and easy merchant acquisition
Funding - ANS-Settling of funds to the service provider
header records - ANS-merchant's commercial enterprise data
HIPAA - ANS-the Health Insurance Portability and Accountability Act of 1996. It turned into
created usually to modernize the glide of healthcare facts, stipulate how individually
identifiable records maintained through the healthcare and healthcare insurance industries
need to be included from fraud and theft, and deal with barriers on healthcare insurance
insurance. Www.Hhs.Gov/ocr/hipaa/
Acquiring Bank - ANS-the financial institution or economic organization that techniques card
payments on behalf of a merchant
AML - ANS-Anti-Money Laundering
APF - ANS-Acquirer Processing Fee
Authorization - ANS-approval from the issuing financial institution for the pending transaction
AVS - ANS-Address Verification Service
Basis Points - ANS-1/100th of 1%; typically used when referencing charge pricing and
powerful costs.
Batching - ANS-The sending of legal transactions to the acquirer as a method of finalizing
transactions and beginning the settlement technique.
Card Brands - ANS-The pillars of the card processing network, responsible for putting and
updating the policies of card processing and recognition.
Card Holder - ANS-an quit consumer or customer
Card Issuer - ANS-any banking institution that provides credit score or debit cards to
consumers
Chargeback - ANS-In Card Processing: a transaction which the cardholder has recognized
as fraudulent to their issuing financial institution, In ACH: A failed ACH transaction
Clearing and Settlement - ANS-The procedure of shifting legal and settled budget from the
cardholder to the merchant.
CNP - ANS-Card Not Present
Credit Card - ANS-A physical or virtual card, allowing cardholders to purchase items or
offerings on credit score.
CVV - ANS-Card Verification Value
Debit Card - ANS-offers the cardholder digital access to his or her bank account(s) at a
financial group
, debit, qual (standard CC), non-qual (rewards playing cards), mid qual (CNP) - ANS-What are
the four buckets of tiered pricing?
Relies upon on the cardboard kind, statistics handed alongside from POS, the applications in
place through the issuer, and the ancillary records that movements thru the system with
each transaction - ANS-What determines charge qualification?
Deposit statistics - ANS-every day account of the month's transaction info
deposit object summary - ANS-a summary of the months transactions
Dodd-Frank Act - ANS-positioned regulations on the financial industry and created programs
to prevent mortgage companies and lenders from taking benefit of purchasers.
E2EE - ANS-End to End Encryption
ECM - ANS-Excessive Chargeback Merchant
ECP - ANS-Excessive Chargeback Program
EDD - ANS-Enhanced Due Diligence
EMV - ANS-EuroPay Mastercard Visa
EMV - ANS-is a fee technique primarily based upon a technical wellknown for smart
payment playing cards and for payment terminals and automated teller machines that can
accept them. EMV in the beginning stood for "Europay, Mastercard, and Visa", the three
companies which created the usual. Www.Emvco.Com
FANF - ANS-Fixed Acquirer Network Fee
Flat Rate Pricing - ANS-a single fee (often % of the sale quantity + $ in line with transaction)
is provided to the merchant irrespective of card type used. This permit the service provider to
apprehend all cost while not having to apprehend the complexities of interchange
Flat Rate Pricing Most Commonly Used When: - ANS-there's a need to price frequently and
virtually, casting off the want for pricing negotiation. The need for aggressive pricing is much
less than the want for instant and easy merchant acquisition
Funding - ANS-Settling of funds to the service provider
header records - ANS-merchant's commercial enterprise data
HIPAA - ANS-the Health Insurance Portability and Accountability Act of 1996. It turned into
created usually to modernize the glide of healthcare facts, stipulate how individually
identifiable records maintained through the healthcare and healthcare insurance industries
need to be included from fraud and theft, and deal with barriers on healthcare insurance
insurance. Www.Hhs.Gov/ocr/hipaa/
