Practice Test GeeksAPRP - Accredited Payments Risk Professional Practice Test
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Payment Systems & Technology Flashcards

7 cards from real APRP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Payment Systems & Technology flashcards as text

  1. Which tokenization standard is used to replace sensitive Primary Account Numbers (PANs) in digital wallet transactions?

    Answer: Network Token

    Network tokens replace the PAN with a surrogate value specific to a device or merchant, reducing exposure of the real card number.

  2. In the ACH network, what is the maximum dollar threshold that distinguishes a Same-Day ACH entry from a standard ACH entry?

    Answer: $1,000,000

    As of March 2020, NACHA raised the Same-Day ACH per-transaction cap to $1,000,000.

  3. A merchant uses a hardware device that encrypts card data at the point of swipe before it reaches the POS software. This is best described as:

    Answer: Point-to-point encryption (P2PE)

    P2PE encrypts cardholder data from the point of interaction (POI) device, preventing clear-text PAN exposure within the merchant environment.

  4. Which RTP (Real-Time Payments) network attribute makes fraud recovery fundamentally more difficult than traditional ACH?

    Answer: Immediate and irrevocable settlement

    Because RTP funds are credited instantly and settlement is final, there is no recall window like ACH's two-day return period.

  5. Which ISO standard defines the message format most widely used in card payment authorization communications?

    Answer: ISO 8583

    ISO 8583 defines the data elements and message structure for financial transaction card-originated messages used in authorization, clearing, and settlement.

  6. What is the primary purpose of the Payment Card Industry Data Security Standard (PCI DSS) Requirement 9?

    Answer: Restrict physical access to cardholder data

    PCI DSS Requirement 9 specifically addresses restricting physical access to cardholder data, including securing devices that capture payment card data.

  7. A contactless payment using a mobile phone leverages which technology to communicate with the POS terminal?

    Answer: Near Field Communication (NFC)

    NFC operates at 13.56 MHz and requires the device to be within ~4 cm of the terminal, making it the standard for tap-to-pay mobile transactions.