The Treasurer at Worldwide Industries is concerned that its retail lockbox provider, Bank A, is...

Vendor: AFP
Product: CTP
Update on: Oct 21, 2025
Questions: 1076

AFP CTP Question Answer

The Treasurer at Worldwide Industries is concerned that its retail lockbox provider, Bank A, is not PCI DSS-compliant. Bank A processes 500,000 checks per month for Worldwide Industries. Worldwide Industries uses a third-party provider, Pay Point, for their credit card payments and funds are wired daily to Worldwide’s depository account at Bank A. What should the Treasurer do?

Take no action as Bank A would not be required to be PCI DSS-compliant.

Issue an RFP and search for a lockbox provider that is PCI DSS-compliant.

Stop accepting credit card payments since Bank A is not PCI DSS-compliant.

Notify all customers that pay by credit card that Bank A is not PCI DSS-compliant.