What information must receipts for a Point-of-Purchase transaction include?

Study for the WesPay Accredited ACH Professional Exam. Explore multiple choice questions with explanations to get ready for your exam! Review insights, improve understanding, and succeed in becoming an ACH Professional.

For a Point-of-Purchase (POP) transaction, the receipt must include specific information to ensure that consumers have access to key details about the transaction. The correct answer focuses on the requirement for the merchant's location, which plays a critical role in identifying where the transaction took place.

Including the Terminal City and Terminal State helps the customer confirm the location of the transaction, which is essential for several reasons. It provides transparency in the transaction process, allows customers to have a point of reference for returns or inquiries, and aids in ensuring compliance with various regulatory requirements related to consumer protection.

The other options, while they may provide additional context or information, do not fulfill the essential requirement set forth for POP transactions. The merchant's website may not always be relevant, as not all merchants provide a web presence at the point of payment. The check authorization code relates to specific transactions involving checks and does not pertain to the general requirements for receipts in a POP context. Therefore, the inclusion of Terminal City, Terminal State, and Location is the appropriate and necessary detail for receipts in these transactions.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy