AAP Practice Questions - Nacha Accredited ACH Professional Exam

Which statement most accurately describes the relationship between a Receiver and an Originator?

The Receiver pays the ACH Operator a per-item fee The Receiver authorizes the Originator to debit or credit its account The Receiver and Originator must use the same financial institution The Receiver is always a consumer; the Originator is always a corporation

Correct Answer:

The Receiver authorizes the Originator to debit or credit its account

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