CES Payment Processing & Security

Question 1

What does PCI DSS stand for in the context of ecommerce payment security?

Accepted Answer

Payment Card Industry Data Security Standard

Answer

Private Customer Information Data Safety System

Answer

Protected Commerce Industry Digital Security Standard

Answer

Payment Compliance Internet Data Security System

Question 2

Which PCI DSS compliance level applies to merchants processing more than 6 million card transactions per year?

Accepted Answer

Level 1

Answer

Level 2

Answer

Level 3

Answer

Level 4

Question 3

What is tokenization in ecommerce payment processing?

Accepted Answer

Replacing sensitive card data with a non-sensitive placeholder value

Answer

Encrypting the entire checkout page with SSL

Answer

Splitting payments across multiple processors

Answer

Converting foreign currencies at checkout

Question 4

Which fraud prevention tool analyzes the physical location of a customer's IP address against their billing address?

Accepted Answer

Geolocation verification

Answer

CVV matching

Answer

3D Secure

Answer

Address tokenization

Question 5

What is a chargeback in ecommerce?

Accepted Answer

A reversal of a payment initiated by the cardholder's bank

Answer

A fee charged by the payment gateway for processing

Answer

A refund issued directly by the merchant

Answer

A penalty for exceeding monthly transaction limits

Question 6

Which authentication protocol adds an extra layer of security during online card transactions by redirecting customers to their bank for verification?

Accepted Answer

3D Secure

Answer

SSL/TLS

Answer

OAuth 2.0

Answer

HMAC