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

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.

Question 2

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

Accepted Answer

Level 1

Answer

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.

Question 3

What is tokenization in ecommerce payment processing?

Accepted Answer

Replacing sensitive card data with a non-sensitive placeholder value

Answer

Tokenization replaces sensitive payment card data with a unique identifier (token) that has no exploitable value if intercepted.

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

Geolocation verification cross-references a customer's IP address location with their stated billing address to flag potentially fraudulent orders.

Question 5

What is a chargeback in ecommerce?

Accepted Answer

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

Answer

A chargeback occurs when a cardholder disputes a transaction and their bank forcibly reverses the charge, often resulting in a fee for the merchant.

CES - Certified Ecommerce Specialist Practice Test

CES - Certified Ecommerce Specialist Practice Test

CES Payment Processing & Security