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What data elements are MOST critical to the payments professional when comparing a merchant's current statement to the new offer proposed by the payment professional? - ANSWER Volume, average ticket, rate, and transaction fee Using the interchange plus model, which of the following costs can be adjusted during negotiations with the merchant? - ANSWER Acquirer markup For most credit card transactions, what is the MAXIMUM numbers of days between the sale and when a dispute request can be in...

What data elements are required for a merchant's commercial card transactions to qualify for Level 1, Level 2, and Level 3 Interchange programs? a. Account #, address, and zip code b. Item #, date, and AVS info c. Customer #, order #, CVV number d. Customer #, sales tax, and invoice # - d. Customer #, sales tax, and invoice # What types of transaction and which banks were regulated by the Durbin amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act? a. Swiped transa...

ETA CPP Study Guide Questions and Answers

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NABU, APF and FANF - Answer-MasterCard implemented a new fee, the Network Access and Brand Usage fee (NABU). And following right on the heels of the MasterCard announcement, on July 1, 2009 Visa implemented their U.S. Acquirer Processing Fee (APF). Card brand dues and assessments - Answer-In addition to Interchange, each card brand includes additional fees based on the transaction amount and per transaction. These fees are called dues and assessments and typically range from 0.105% - 0....

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NABU, APF and FANF correct answers MasterCard implemented a new fee, the Network Access and Brand Usage fee (NABU). And following right on the heels of the MasterCard announcement, on July 1, 2009 Visa implemented their U.S. Acquirer Processing Fee (APF). Card brand dues and assessments correct answers In addition to Interchange, each card brand includes additional fees based on the transaction amount and per transaction. These fees are called dues and assessments and typically range fr...

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