Payment Processing & Security Flashcards
6 cards from real CES practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Payment Processing & Security flashcards as text
What does PCI DSS stand for in the context of ecommerce payment security?
Answer: Payment Card Industry Data Security Standard
PCI DSS stands for Payment Card Industry Data Security Standard, a set of security standards designed to protect card information during and after financial transactions.
Which PCI DSS compliance level applies to merchants processing more than 6 million card transactions per year?
Answer: Level 1
PCI DSS Level 1 applies to merchants processing over 6 million card transactions annually and requires an annual on-site audit by a Qualified Security Assessor.
What is tokenization in ecommerce payment processing?
Answer: Replacing sensitive card data with a non-sensitive placeholder value
Tokenization replaces sensitive payment card data with a unique identifier (token) that has no exploitable value if intercepted.
Which fraud prevention tool analyzes the physical location of a customer's IP address against their billing address?
Answer: Geolocation verification
Geolocation verification cross-references a customer's IP address location with their stated billing address to flag potentially fraudulent orders.
What is a chargeback in ecommerce?
Answer: A reversal of a payment initiated by the cardholder's bank
A chargeback occurs when a cardholder disputes a transaction and their bank forcibly reverses the charge, often resulting in a fee for the merchant.
Which authentication protocol adds an extra layer of security during online card transactions by redirecting customers to their bank for verification?
Answer: 3D Secure
3D Secure (e.g., Visa Secure, Mastercard Identity Check) redirects the cardholder to their issuing bank for an additional authentication step during checkout.