BAFT Certificate In Principles Of Payments (CertPAY) Practice Test

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A company submits 8,000 low-value supplier payments in one file for processing later in the day. Which payment model does this most closely resemble?

Real-time gross settlement A book transfer within one bank Batch ACH processing Cash settlement

Correct Answer:

Batch ACH processing

Explanation:

ACH-style systems commonly process large volumes of low-value payments in batches, making them well suited to repetitive items such as payroll and supplier payments.

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