Intro to CC

Who issued the first credit card made of plastic?

• Diner's Club

• Barclay's Bank

• American Express

• MasterCharge

Identify the credit card associations.

• Visa

• Mastercard

• American Express

• All of the above

Which of these features will be located in the front of a credit card? Select all that apply.

• Signature Panel

• Credit Card Number

• Association Logo

• CVV2

Which of these features will be located at the back of a credit card? Select all that apply.

• Issuing Bank

• Signature Panel

• Customer Care Phone Number

• EMV Chip

What does EMV stand for?

• European Merchant Verification

• Embedded Money Visa

• EuroPay, Mastercard, Visa

• Europay Microchip Verification

EMV technology helps reduce the risk of fraud and makes credit card counterfeiting more difficult

• True

• False

A card member does not need a PIN number for purchases at unattended terminals.

• True

• False

The Cardholder Verification Method allows the chip card issuer to choose which method of verification is a priority.

• True

• False

Identify the Cardholder Verification Methods supported by EMV technology. Select all that apply.

• Online Pin

• Offline Pin

• Signature

• NO CVM

With Payment Processing, who does this definition match? - They contract with merchants to create and maintain accounts that allow the business to accept credit and debit cards.

• Payment Processor

• Issuing Bank

• Acquiring Bank

• Cardholder