Accredited ACH Professional (AAP) Practice Exam

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Which standard relates to payment-related information in Addenda Records?

  1. ANSI ASC X9

  2. ANSI ASC X12

  3. Both ANSI ASC X12 and ANSI ASC X9

  4. No specific standard applies

The correct answer is: ANSI ASC X12

The correct choice highlights ANSI ASC X12 as the standard related to payment-related information in Addenda Records. ANSI ASC X12 is primarily utilized for electronic data interchange (EDI), which encompasses the structured communication of various types of data between businesses, including payment-related information. In the context of ACH (Automated Clearing House) transactions, Addenda Records serve as supplementary records that provide additional details about a transaction, such as invoice numbers or payment information, and these specifics often utilize the formats defined by ANSI ASC X12. While ANSI ASC X9 focuses on financial services, particularly in check processing and the development of standards for the financial services industry, it does not directly relate to payment-related information in Addenda Records. Therefore, it’s clear that ANSI ASC X12 is the most relevant standard for this purpose. The mention of "no specific standard applies" also does not hold because there is indeed a recognized standard—ANSI ASC X12—applicable to this context.

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