CCM Payment Systems & Technology Flashcards

Positive Pay is a bank fraud prevention tool that works by:

Answer: Having companies pre-authorize issued checks so the bank can detect unauthorized items

Positive Pay requires companies to send a file of issued check details to their bank, which then matches presented items to detect and flag unauthorized or altered checks.

Straight-through processing (STP) in payment systems is enabled by:

Answer: Automated data matching and payment execution without human intervention

STP uses automation to execute payments from initiation through settlement without manual touchpoints, improving speed, accuracy, and reducing operational risk.

PCI DSS compliance is required for organizations that:

Answer: Store, process, or transmit payment cardholder data

PCI DSS (Payment Card Industry Data Security Standard) applies to any entity that stores, processes, or transmits payment card data regardless of industry.

A payment hub in corporate treasury is best described as:

Answer: A centralized platform that manages and routes all payment types through a single system

A payment hub centralizes all payment processing — across multiple banks, currencies, and payment types — through a single technology platform for visibility and control.

EBAM (Electronic Bank Account Management) primarily helps corporate treasurers:

Answer: Manage bank account opening, closing, and signatory changes electronically

EBAM digitizes and automates the bank account lifecycle — opening, closing, and updating accounts and authorized signatories — replacing paper-based bank administration.

Which best describes a real-time payment (RTP) network such as The Clearing House RTP?

Answer: A system providing immediate, final payment settlement available 24 hours a day, 7 days a week

Real-time payment networks like The Clearing House RTP provide immediate, irrevocable settlement around the clock, including nights, weekends, and holidays.