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CTP · Question #337
CTP Question #337: Real Exam Question with Answer & Explanation
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Question
- (Topic 4) A merchant has a chargeback rate of 0.03% on average daily sales of $200,000. After switching to a new merchant acquirer that is a bank, the merchant sees the rate increase to 0.05% or $10,000. The merchant's analysis reveals that the bank maintains its data warehouse in another country where the system network is routinely hacked. What act or standard is being violated?
Options
- ABank Secrecy Act
- BForeign Corrupt Practices Act
- CMoney Laundering Control Act
- DPayment Card Industry Data Security Standard
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