Study guides, Class notes & Summaries

A Parts Manufacturer with a tiered-pricing setup (two Buckets) keys a Visa Business Credit Card information that qualifies for Visa's business to business interchange qualification. What rate will the merchant pay on this transaction? - non-qualified When using the gross discount method, what are discount fees charged on? - If a Merchant contacts the payments professional and inquires about any early termination fees (ETF), to what should the payments professional be alerted? - The Merch...

What data elements are required for a merchant's commercial card transactions to qualify for Level 1, Level 2, and Level 3 Interchange programs? a. Account #, address, and zip code b. Item #, date, and AVS info c. Customer #, order #, CVV number d. Customer #, sales tax, and invoice # - d. Customer #, sales tax, and invoice # What types of transaction and which banks were regulated by the Durbin amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act? a. Swiped transa...

A Parts Manufacturer with a tiered-pricing setup (two Buckets) keys a Visa Business Credit Card information that qualifies for Visa's business to business interchange qualification. What rate will the merchant pay on this transaction? - correct answer non-qualified When using the gross discount method, what are discount fees charged on? - correct answer If a Merchant contacts the payments professional and inquires about any early termination fees (ETF), to what should the payments profes...

NABU, APF and FANF - correct answer MasterCard implemented a new fee, the Network Access and Brand Usage fee (NABU). And following right on the heels of the MasterCard announcement, on July 1, 2009 Visa implemented their U.S. Acquirer Processing Fee (APF). Card brand dues and assessments - correct answer In addition to Interchange, each card brand includes additional fees based on the transaction amount and per transaction. These fees are called dues and assessments and typically range from 0...

A Parts Manufacturer with a tiered-pricing setup (two Buckets) keys a Visa Business Credit Card information that qualifies for Visa's business to business interchange qualification. What rate will the merchant pay on this transaction? - correct answer non-qualified When using the gross discount method, what are discount fees charged on? - correct answer If a Merchant contacts the payments professional and inquires about any early termination fees (ETF), to what should the payments profes...

ETA CPP Study Guide with Verified Answers| 100% Correct| Grade A+ NABU, APF and FANF - MasterCard implemented a new fee, the Network Access and Brand Usage fee (NABU). And following right on the heels of the MasterCard announcement, on July 1, 2009 Visa implemented their U.S. Acquirer Processing Fee (APF). Card brand dues and assessments - In addition to Interchange, each card brand includes additional fees based on the transaction amount and per transaction. These fees are called dues and...

Which of the following is a standard method to group prospective leads? a. Square footage of business b. Number of items for sale on their website c. Geographic location d. Political affiliation - ANSWER c. Geographic location Which of the following is the LEAST effective method of developing a list of prospects? a. Research the industry b. Talk to local influencers c. Consider the product set of their business d. Cold call on initial prospects of interest - ANSWER d. Cold call on initial prospe...

ETA CPP Practice Exam 2023/2024 Complete Solution Graded A+