Mpi Session 3 Quiz

4 Questions | Total Attempts: 28

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Mpi Session Quizzes & Trivia

Review of Session 3


Questions and Answers
  • 1. 
    Swiped transactions happen at this typ of location
    • A. 

      Non-storefront

    • B. 

      Storefront

    • C. 

      Internet

  • 2. 
    The Discount fee is...
    • A. 

      The cost of transfering money to the account

    • B. 

      The monthly sevice fee

    • C. 

      The rate charged per transaction.

  • 3. 
    This type of pricing is a seperate trasaction fee and a seperate percentage.
    • A. 

      Bundled

    • B. 

      Unbundled

    • C. 

      Bill back

  • 4. 
    This is the part of the transaction when the card is swiped and a response from an issueing bank is received.
    • A. 

      Authorization

    • B. 

      Settlement

    • C. 

      Batch