Advanced Cards & Payments Concepts Quiz

Find out how much you really know with our advanced brain teaser (Hint: you really need to know your stuff here)

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1. What is the purpose of the field DE52 (PIN block) code?

 
 
 
 

2. What is the ‘Original Data Elements’ field (ISO-defined data element #90) used for, when tracking Financial Transactions?

 
 
 
 

3. Which type of Messages are contained in field DE2 (PAN)?

 
 
 
 

4. The leading six (or sometimes 8) digits of the card number is known as the__________

 
 
 
 

5. Which services are provided by a payment switch

 
 
 
 

6. The first (leading) digit of the IIN, sometimes referred to as the “bank identification number (BIN), is known as the  ___________ of the card issuer.

 
 
 
 

7. When does an X220/X221 ISO 8583 message set Indicate?

 
 
 
 

8. When does an X200/X401 ISO 8583 message set Indicate?

 
 
 
 

9. What purpose does the sending of a bitmap serve in a ISO8583 message?

 
 
 
 

10. The PAN (Primary Account Number) is composed of a number identifying the cardholder and the card issuer and comprises ____________

 
 
 
 

11. When does an X400/X401 ISO 8583 message set Indicate?

 
 
 
 

12. What is an “APDU” on a payment acceptance device, like a POS or ATM, and what does it do?

 
 
 
 

13. The PCI DSS standard dictates that only the ___________ digits of the PAN may be printed on a receipt

 
 
 
 

14. What Information does the X500/X501 ISO 8583 message set contain?

 
 
 
 

15. What does an ISO Standard X100/X101 message set indicate?

 
 
 
 

16. What type of information does the field DE55 indicate?

 
 
 
 

17. What does the acronym STAN represent, when referring to payments?

 
 
 
 

18. What information is contained in Field 49 (ISO 4217)

 
 
 
 

19. If the field DE4 (Amount) is set to ‘000000001234’, and field DE49 (Currency code) is set to ‘840’. Which of the following statements is Correct?

 
 
 
 

20. When swiping a card on POS (Point-of-Sale) terminal, which magnetic track(s) is/are read?

 
 
 
 

21. Which of the following message sets would one usually expect to see in the course of a Phone Recharge Transaction?

 
 
 
 

22. When does an X420/X421ISO 8583 message set Indicate?

 
 
 
 

23. In a typical ‘ATM’ day which of the following message exchanges would one expect to see? (Select all that apply)

 
 
 
 

24. How is the “Balance enquiry” message related to the “Payment advice” message, during a typical Card transaction exchange?

 
 
 
 

25. What does the X600/X601ISO 8583 message set Indicate?

 
 
 
 

26. When does an X200/X201 message set and response indicate

 
 
 
 

27. What purpose do “Network management” messages serve

 
 
 
 

28. What response code would you expect to see in response to a DE39 code, that indicates ‘Issuer or switch inoperative’?

 
 
 
 

29. What is PAN Truncation?

 
 
 
 

30. When does an X300/X301ISO 8583 message set Indicate?

 
 
 
 

31. What is a PAN number and what purpose does it serve?

 
 
 
 

32. The final digit in the IIN (issuer identification number), is a check digit of the IIN calculated using the ___________

 
 
 
 

33. What is an open API and what purpose does it serve?

 
 
 
 

34. What does the X800/X801 ISO 8583 message set Indicate?

 
 
 
 

35. Which of the following are PAN Entry modes?

 
 
 
 

36. Which EMV card field contains the PAN (Primary Account Number)?

 
 
 
 


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