ETA CPP Practice Exam
A Merchant has an existing paper-based totally present card program. Which of the following
are the MOST important blessings of the service provider changing to an electronic gift card
software. - ANS-Reconciliation, elevated cash flow, and branding
A merchant is seeking out software program that could assist control purchaser records,
purchaser interaction, sales, advertising and marketing, affiliate monitoring, and marketing
campaigns. Which kind of answer should a payments professional advise? - ANS-CRm
gadget
A Merchant is processing beneath a retail account SIC/MCC code that became assigned at
some point of the software underwriting process, but the merchant has considering switched
the sort of commercial enterprise and the technique of transaction processing it presents to
e-commerce. Which of the following repercussions may the service provider incur if this
change is undocumented? - ANS-Greater interchange fees and higher chargeback ratios
A Merchant who is presently the usage of dial-up stand on my own terminal describes
frustration with the amount of time each transaction takes to method. Which announcement
BEST explains why a close to-area communique (NFC) permits terminals is probable a
terrific answer for the service provider? - ANS-
A Merchants has an IP-going through device. Which action MUST be finished to ensure PCI
compliance? - ANS-
A Parts Manufacturer with a tiered-pricing setup ( Buckets) keys a Visa Business Credit Card
records that qualifies for Visa's business to enterprise interchange qualification. What charge
will the service provider pay in this transaction? - ANS-non-certified
A Payment expert meets with a merchant who discloses that it has subprime credit. What
additional materials can be required? - ANS-
A bills expert believes that a prospective client with a huge patron base could enjoy the use
of a PCI- grievance credit card garage module. However, previous to imparting the answer,
the bills professional needs to discover the traders key pain points and desires. As part of
the invention method, which of the following questions would BEST elicit the merchants
need to put in force the solution? - ANS-How would the option of eliminating records from
your device enhance enterprise threat and PCI compliance efforts
A Payments Professional encounters traders who have competitive pricing that can not be
matched or overwhelmed. What is the BEST path of motion to make the processor privy to
the market opposition? - ANS-obtain copies of service provider processing statements of the
competing written offer to percentage with the worker or corporate office
, A payments professional submits an utility for a large e-commerce merchant, however is
declined by way of the processor due to pricing issues. What ought to the bills professional
have done prior to submitting the application with a view to better foresee the processors
selection? - ANS-
A Strong Competitor has been taking business faraway from a bills professionals portfolio.
What is the BEST strategy for the bills professional to take that allows you to remain
competitive? - ANS-
Beginning with the cardboard swipe, which of the subsequent represents the primary
movement of a transaction authorization from a credit card terminal? - ANS-card reader
conversation community
the front cease processor
card emblem
company
card logo
the front stop processor
service provider
During a meeting with a potential merchant, the service provider mentions to the price career
that, every now and then, credit playing cards are used to get cash out of the until. How must
the fee expert proceed with the communication? - ANS-
During evaluation of a ability e-commerce merchant's website, which of the following facts
MUST be gift for approval of a merchant account - ANS-Delivery policy, currency conversion,
and export restrictions
During the initial income manner, a bills professional realizes that the service provider is
paying itemized value for terminals, gift playing cards, and a praise application. The service
provider would love to decrease costs however enjoy all ancillary products presented. Which
is the BEST action for the payments professional to take? - ANS-Discuss the advantages of
bundled programs
During the overview of a lead list, what action have to a bills professional take First to
maximise lead approval potential? - ANS-
How can a fee professional BEST stay present day with charge modifications and card
emblem updates and mandates? - ANS-
How have to a merchant react if a take a look at this is over the approved check quantity
needs to be generic? - ANS-Contact the take a look at processor/merchant processor and
provide the data approximately the transaction and the take a look at amount needed to
finish the sale.
How must a bills expert react if a capacity service provider does no longer need to offer
information required on the W-9 Form? - ANS-
A Merchant has an existing paper-based totally present card program. Which of the following
are the MOST important blessings of the service provider changing to an electronic gift card
software. - ANS-Reconciliation, elevated cash flow, and branding
A merchant is seeking out software program that could assist control purchaser records,
purchaser interaction, sales, advertising and marketing, affiliate monitoring, and marketing
campaigns. Which kind of answer should a payments professional advise? - ANS-CRm
gadget
A Merchant is processing beneath a retail account SIC/MCC code that became assigned at
some point of the software underwriting process, but the merchant has considering switched
the sort of commercial enterprise and the technique of transaction processing it presents to
e-commerce. Which of the following repercussions may the service provider incur if this
change is undocumented? - ANS-Greater interchange fees and higher chargeback ratios
A Merchant who is presently the usage of dial-up stand on my own terminal describes
frustration with the amount of time each transaction takes to method. Which announcement
BEST explains why a close to-area communique (NFC) permits terminals is probable a
terrific answer for the service provider? - ANS-
A Merchants has an IP-going through device. Which action MUST be finished to ensure PCI
compliance? - ANS-
A Parts Manufacturer with a tiered-pricing setup ( Buckets) keys a Visa Business Credit Card
records that qualifies for Visa's business to enterprise interchange qualification. What charge
will the service provider pay in this transaction? - ANS-non-certified
A Payment expert meets with a merchant who discloses that it has subprime credit. What
additional materials can be required? - ANS-
A bills expert believes that a prospective client with a huge patron base could enjoy the use
of a PCI- grievance credit card garage module. However, previous to imparting the answer,
the bills professional needs to discover the traders key pain points and desires. As part of
the invention method, which of the following questions would BEST elicit the merchants
need to put in force the solution? - ANS-How would the option of eliminating records from
your device enhance enterprise threat and PCI compliance efforts
A Payments Professional encounters traders who have competitive pricing that can not be
matched or overwhelmed. What is the BEST path of motion to make the processor privy to
the market opposition? - ANS-obtain copies of service provider processing statements of the
competing written offer to percentage with the worker or corporate office
, A payments professional submits an utility for a large e-commerce merchant, however is
declined by way of the processor due to pricing issues. What ought to the bills professional
have done prior to submitting the application with a view to better foresee the processors
selection? - ANS-
A Strong Competitor has been taking business faraway from a bills professionals portfolio.
What is the BEST strategy for the bills professional to take that allows you to remain
competitive? - ANS-
Beginning with the cardboard swipe, which of the subsequent represents the primary
movement of a transaction authorization from a credit card terminal? - ANS-card reader
conversation community
the front cease processor
card emblem
company
card logo
the front stop processor
service provider
During a meeting with a potential merchant, the service provider mentions to the price career
that, every now and then, credit playing cards are used to get cash out of the until. How must
the fee expert proceed with the communication? - ANS-
During evaluation of a ability e-commerce merchant's website, which of the following facts
MUST be gift for approval of a merchant account - ANS-Delivery policy, currency conversion,
and export restrictions
During the initial income manner, a bills professional realizes that the service provider is
paying itemized value for terminals, gift playing cards, and a praise application. The service
provider would love to decrease costs however enjoy all ancillary products presented. Which
is the BEST action for the payments professional to take? - ANS-Discuss the advantages of
bundled programs
During the overview of a lead list, what action have to a bills professional take First to
maximise lead approval potential? - ANS-
How can a fee professional BEST stay present day with charge modifications and card
emblem updates and mandates? - ANS-
How have to a merchant react if a take a look at this is over the approved check quantity
needs to be generic? - ANS-Contact the take a look at processor/merchant processor and
provide the data approximately the transaction and the take a look at amount needed to
finish the sale.
How must a bills expert react if a capacity service provider does no longer need to offer
information required on the W-9 Form? - ANS-
