WesPay Accredited ACH Professional (AAP) Practice Exam

The correct response pertains to the need for the Originator of an Automated Retail Check (ARC) Entry to securely store information related to the Eligible Source Document. An ARC transaction involves converting a paper check into an electronic ACH debit transaction. The Eligible Source Document serves as the basis for the transaction, essentially confirming that the Originator has valid authorization from the account holder.

To mitigate fraud and ensure compliance with regulatory standards, the Originator must employ commercially reasonable security measures for these documents. This involves safeguarding not only the physical checks but also the electronic images when applicable, ensuring that unauthorized individuals cannot access this sensitive information. Proper handling and storage of the Eligible Source Document are crucial for maintaining the integrity of the transaction process and protecting customer data.

The other choices, while they involve important operational aspects, do not directly relate to the specific requirements of handling ARC Entries. Customer transaction data refers to broader data points that may not be subject to the same stringent storage requirements. Risk assessment reports and third-party agreements are critical in their contexts but do not fall under the particular regulations governing ARC storage procedures.