How many years must an Originator maintain a Customer Service Telephone Number with respect to BOC Entries?

How many years must an Originator maintain a Customer Service Telephone Number with respect to BOC Entries?

• A. Indefinitely
• B. For the duration of the account
• C. Three years
• D. While active

Answer: (D)

The requirement for an Originator to maintain a Customer Service Telephone Number regarding BOC (Back Office Conversion) Entries is tied to the operational needs of the transaction and the service behind it. Specifically, the number must be kept active while the entries are being processed and active, allowing consumers the opportunity to reach out for assistance or to resolve any issues related to the transactions that resulted from these entries. This ensures that there is a channel for communication available for consumers, which is essential for maintaining trust and transparency in electronic transaction processes. Once the BOC Entries are no longer active, the obligation to maintain the customer service number also ceases, aligning the maintenance requirement with the lifecycle of the entries themselves. In contrast, the other options imply longer or indefinite maintenance durations which are not in line with the operational realities of BOC transactions.

The requirement for an Originator to maintain a Customer Service Telephone Number regarding BOC (Back Office Conversion) Entries is tied to the operational needs of the transaction and the service behind it. Specifically, the number must be kept active while the entries are being processed and active, allowing consumers the opportunity to reach out for assistance or to resolve any issues related to the transactions that resulted from these entries.

This ensures that there is a channel for communication available for consumers, which is essential for maintaining trust and transparency in electronic transaction processes. Once the BOC Entries are no longer active, the obligation to maintain the customer service number also ceases, aligning the maintenance requirement with the lifecycle of the entries themselves.

In contrast, the other options imply longer or indefinite maintenance durations which are not in line with the operational realities of BOC transactions.