Eta Cpp Exam Questions And Answers

During the meeting with a potential merchant, the merchant mentions to the payments profession that, on occasion, credit cards are used to get cash out of the till. How should the payments professional proceed with the conversation? {Ans: Inform the merchant that this action is a violation of the card brand terms and that the processor would have to act accordingly if they identified the activity}Which entity is responsible for merchant payment system acceptance of card network products {Ans: Agent}How is the effective rate calculated? {Ans: Total dollars spent divided by sales dollar volume}How can a payments professional protect merchants from higher transaction fees dues to AVS mismatches? {Ans: Educate the merchant on the need to input correct address data?}Which of the following groupings MOST closely constitutes the "payment channels" currently define within the electronic payments industry? {Ans: Face-to-Face/card present, e-commerce, mail order/telephone order, and mobile}A merchant has contacted the payments professional to inquire about an increase in the number of returned checks. How should the payments professional respond to the merchant's inquiry? {Ans: Recommend a check guarantee service}In addition to interchange fees, what transaction- related costs can a merchant most likely expect to