APRP APRP Industry Standards 5

Question 1

Which organization publishes the Operating Rules that govern ACH Network transactions in the United States?

Accepted Answer

NACHA – The Electronic Payments Association

Answer

NACHA develops, administers, and enforces the Operating Rules governing ACH Network participants, including ODFIs, RDFIs, Originators, and Third-Party Senders.

Question 2

Under PCI DSS v4.0, which new requirement mandates that all payment page scripts loaded and executed in the consumer's browser must be managed and authorized?

Accepted Answer

Requirement 6.4.3

Answer

PCI DSS v4.0 Requirement 6.4.3 specifically requires that all payment page scripts be inventoried, justified, and integrity-protected to combat e-skimming attacks.

Question 3

The Real-Time Payments (RTP) network operated by The Clearing House uses which credit-push model characteristic?

Accepted Answer

Payments are irrevocable once the receiver's bank confirms receipt

Answer

RTP payments are credit pushes and irrevocable upon confirmation of receipt by the receiving financial institution, meaning payers must ensure accuracy before sending.

Question 4

Which international standard specifies the format and content of payment card numbers (PANs), including the structure of the Issuer Identification Number (IIN)?

Accepted Answer

ISO 7812

Answer

ISO 7812 defines the numbering system for identification cards, including the structure of the IIN (formerly BIN) that identifies the card issuer.

Question 5

Under the EU's Payment Services Directive 2 (PSD2), Strong Customer Authentication (SCA) requires a combination of at least two of which three factors?

Accepted Answer

Knowledge, Possession, and Inherence

Answer

PSD2 SCA requires authentication using at least two of three independent factors: something you know (Knowledge), something you have (Possession), and something you are (Inherence).

APRP - Accredited Payments Risk Professional Practice Test

APRP - Accredited Payments Risk Professional Practice Test

APRP APRP Industry Standards 5