Accredited ACH Professional (AAP) Practice Exam

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Prepare for the Accredited ACH Professional (AAP) Exam with tailored questions and study materials to enhance your understanding of ACH transactions and operations. Test your skills and readiness for this important certification!

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What type of debit entry is initiated at the point of sale?

Internet Initiated (WEB)
Point-of-sale (POS)
Telephone-Initiated (TEL)
Recurring Payment (RP)

The correct answer is: Point-of-sale (POS)

The type of debit entry initiated at the point of sale is a Point-of-sale (POS) entry. This type of transaction occurs when a consumer uses a debit card to purchase goods or services directly in a retail environment. During a POS transaction, funds are electronically transferred from the buyer's account to the merchant's account in real-time, facilitating an immediate exchange for goods or services. Point-of-sale entries are specifically designed to handle in-person transactions, differentiating them from other types of debit entries that are initiated through alternative channels. For instance, Internet Initiated (WEB) entries occur online, while Telephone-Initiated (TEL) transactions are made over the phone, and Recurring Payments (RP) involve a series of scheduled withdrawals from a consumer’s account. Each of these other options involves different mechanisms and settings for initiating transactions, making the POS entry distinctly relevant to retail purchases conducted in a physical location.