Mpi Session 2 Quiz

18 Questions | Total Attempts: 15

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Mpi Session Quizzes & Trivia

Review of Session 2


Questions and Answers
  • 1. 
    Which of the following is not a bank card?
    • A. 

      Visa

    • B. 

      American Express

    • C. 

      Mastercard

  • 2. 
    Which of the following is not a bank card?
    • A. 

      Visa

    • B. 

      American Express

    • C. 

      Mastercard

  • 3. 
    What is the most commonly used credit card?
    • A. 

      Visa

    • B. 

      American Express

    • C. 

      Mastercard

  • 4. 
    Whats card type is linked to a bank account and can be run with a pin number and without a pin number?
    • A. 

      Corporate Card

    • B. 

      Reward Card

    • C. 

      Debit Card

    • D. 

      Credit Card

  • 5. 
    What is the most commonly used credit card?
    • A. 

      Visa

    • B. 

      American Express

    • C. 

      Mastercard

  • 6. 
    Whats card type is linked to a bank account and can be run with a pin number and without a pin number?
    • A. 

      Corporate Card

    • B. 

      Reward Card

    • C. 

      Debit Card

    • D. 

      Credit Card

  • 7. 
    This is the set costs for every type of card as outlined by Visa, Mastercard, and Discover
    • A. 

      Batch

    • B. 

      Interchange

    • C. 

      Base rate

    • D. 

      Credit card fee

  • 8. 
    This is the set costs for every type of card as outlined by Visa, Mastercard, and Discover
    • A. 

      Batch

    • B. 

      Interchange

    • C. 

      Base rate

    • D. 

      Credit card fee

  • 9. 
    MPI Sells gift and Loyalty Cards
    • A. 

      True

    • B. 

      False

  • 10. 
    This is the charge for transfering funds from the processing network to the merchants bank account on a daily basis.
    • A. 

      Batch

    • B. 

      Interchange

    • C. 

      Daily Discount

    • D. 

      Statement

  • 11. 
    MPI Sells gift and Loyalty Cards
    • A. 

      True

    • B. 

      False

  • 12. 
    This is the card type that can fall under Mid Qualified or be in its own catagory. The merchant is charged extra for the points or miles that are earned when the card is used.
    • A. 

      Debit Card

    • B. 

      Credit Card

    • C. 

      Corporate Card

    • D. 

      Reward Card

  • 13. 
    This is the charge for transfering funds from the processing network to the merchants bank account on a daily basis.
    • A. 

      Batch

    • B. 

      Interchange

    • C. 

      Daily Discount

    • D. 

      Statement

  • 14. 
    This fee catagory includes key entered with address verification, business to business, and reward
    • A. 

      Qualified

    • B. 

      Mid Qualified

    • C. 

      Non Qualified

  • 15. 
    This is the card type that can fall under Mid Qualified or be in its own catagory. The merchant is charged extra for the points or miles that are earned when the card is used.
    • A. 

      Debit Card

    • B. 

      Credit Card

    • C. 

      Corporate Card

    • D. 

      Reward Card

  • 16. 
    If the address and the security code of the card holder is not verified when the card is entered, then the card will fall into this fee catagory.
    • A. 

      Qualified

    • B. 

      Mid Qualified

    • C. 

      Non Qualified

  • 17. 
    This fee catagory includes key entered with address verification, business to business, and reward
    • A. 

      Qualified

    • B. 

      Mid Qualified

    • C. 

      Non Qualified

  • 18. 
    If the address and the security code of the card holder is not verified when the card is entered, then the card will fall into this fee catagory.
    • A. 

      Qualified

    • B. 

      Mid Qualified

    • C. 

      Non Qualified