A Company Recently Started Accepting Credit Card Payments in Their

question 40

Multiple Choice

A company recently started accepting credit card payments in their local warehouses and is undergoing a PCI audit. Based on business requirements, the company needs to store sensitive authentication data for 45 days. How must data be stored for compliance?

• A) post-authorization by non-issuing entities if there is a documented business justification
• B) by entities that issue the payment cards or that perform support issuing services
• C) post-authorization by non-issuing entities if the data is encrypted and securely stored
• D) by issuers and issuer processors if there is a legitimate reason

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Definitions:

Pareto Optimal Allocation

A resource distribution scenario where no individual can be made better off without making at least one individual worse off.

Utility Function

A mathematical representation of how different combinations of goods or services provide levels of satisfaction or utility to an individual.

Initial Endowment

The initial allocation or distribution of resources, goods, or wealth among individuals or entities at the start of an economic experiment or model.

Apples

A type of fruit commonly consumed fresh, cooked, or as juice, recognized for its sweet or tart flavor.