CCM CCM Payment Systems & Technology 2

Question 1

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

Accepted Answer

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

Answer

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.

Question 2

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

Accepted Answer

Automated data matching and payment execution without human intervention

Answer

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

Question 3

PCI DSS compliance is required for organizations that:

Accepted Answer

Store, process, or transmit payment cardholder data

Answer

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

Question 4

A payment hub in corporate treasury is best described as:

Accepted Answer

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

Answer

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

Question 5

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

Accepted Answer

Manage bank account opening, closing, and signatory changes electronically

Answer

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

(CCM) Certified Cash Manager Practice Test

(CCM) Certified Cash Manager Practice Test

CCM CCM Payment Systems & Technology 2