Which of the following statements best describes how the Automated Clearing House Network (ACH) maintains its integrity as a processor of electronic payments?
A) The ACH network is an institution within the Federal Bank System and is regulated by strict government standards.
B) The ACH network is a for-profit company and is regulated by its need to make a profit, which it can only do by strictly regulating itself.
C) The ACH network is a financial institution and is thus regulated by its obligations to its investors.
D) The ACH network is a not-for-profit association and is regulated by its independence from outside interests.
E) The ACH network is a professional organization to which all financial institutions are obligated to contribute resources and is regulated by the interests of these institutions.

Question

Quizplus · Accepted Answer

D) It is no longer a part of NACHA, but as a non-profit, it cannot be swayed by the personal interests of the investors and other institutions.

Which of the Following Statements Best Describes How the Automated