CEC Payment Processing & Security 5

Question 1

Which of the following is a key advantage of using a hosted payment page versus an embedded payment form?

Accepted Answer

The payment processor handles PCI scope, reducing merchant compliance burden

Answer

With a hosted payment page, card data never touches the merchant's servers, dramatically reducing PCI DSS scope and compliance requirements.

Question 2

What is the purpose of a 'reserve account' that acquiring banks may require from high-risk merchants?

Accepted Answer

To cover potential chargebacks, refunds, or liabilities if the merchant fails

Answer

Acquiring banks hold reserve funds as a buffer against merchant insolvency or excessive chargebacks to protect themselves from financial loss.

Question 3

An ecommerce site experiences a spike in orders with mismatched AVS results. What is the most appropriate response?

Accepted Answer

Flag these orders for manual review or apply stricter fraud rules

Answer

AVS mismatches are a strong fraud signal; flagging or reviewing these orders balances fraud prevention against unnecessary order cancellations.

Question 4

Which of the following describes a 'zero-liability policy' in payment card security?

Accepted Answer

Cardholders are not responsible for unauthorized transactions reported promptly

Answer

Card network zero-liability policies protect cardholders from financial loss due to unauthorized use of their card, provided they report the fraud promptly.

Question 5

What does 'settlement lag' refer to in ecommerce payment processing?

Accepted Answer

The time between transaction authorization and funds deposited in the merchant account

Answer

Settlement lag is the delay—typically 1–3 business days—between when a transaction is authorized and when the merchant actually receives the funds.

(CEC) Certified Ecommerce Consultant Practice Test

(CEC) Certified Ecommerce Consultant Practice Test

CEC Payment Processing & Security 5