Accredited ACH Professional (AAP) Practice Exam

The correct term for a person or entity that has a credit or debit account accessed via a card is "Cardholder." This designation specifically refers to the individual or entity to whom the card is issued, which gives them the right to use that card for transactions that access their financial account. The term emphasizes the ownership of the card and the ability to make purchases or withdrawals using it. In many financial contexts, "Cardholder" is important because it establishes a clear distinction in rights and responsibilities associated with the use of the card, such as liability for transactions and protections against fraud. While "Account Holder" refers to someone who owns an account, it does not specifically denote their ability to access that account via a card. Similarly, "Financial Institution" refers to the bank or organization that provides the card and manages the accounts but does not pertain to the individual using the card. "Debit User" is not a standard industry term and does not accurately represent the concept of card ownership and usage associated with an account.