Which of the following is NOT a feature of the ACH network?

Which of the following is NOT a feature of the ACH network?

• A. High security standards
• B. Manual processing of transactions
• C. Cost efficiency
• D. Electronic transactions

Answer: (B)

The ACH (Automated Clearing House) network is designed to facilitate electronic funds transfers in a highly efficient, secure, and cost-effective manner. The correct choice indicates that manual processing of transactions is not a feature of the ACH network. This is because the ACH network is fundamentally built around automation, which allows for a streamlined process that minimizes human intervention. Transactions processed through the ACH network are conducted electronically, leveraging advanced technology to ensure speed and reliability. This automation not only enhances the speed of transactions but also reduces the opportunities for human error, providing a level of accuracy that manual processing cannot match. Furthermore, the ACH network employs high security standards to protect sensitive financial information during the transaction process, making it a trusted option for both consumers and businesses. The cost efficiency associated with ACH transactions makes it an attractive payment method, particularly for recurring payments and bulk transactions, as it typically involves lower fees compared to other methods. Overall, the emphasis on electronic transactions, cost efficiency, and security underscores the modern, automated nature of the ACH network, while manual processing does not align with its design and operational principles.

The ACH (Automated Clearing House) network is designed to facilitate electronic funds transfers in a highly efficient, secure, and cost-effective manner. The correct choice indicates that manual processing of transactions is not a feature of the ACH network. This is because the ACH network is fundamentally built around automation, which allows for a streamlined process that minimizes human intervention.

Transactions processed through the ACH network are conducted electronically, leveraging advanced technology to ensure speed and reliability. This automation not only enhances the speed of transactions but also reduces the opportunities for human error, providing a level of accuracy that manual processing cannot match.

Furthermore, the ACH network employs high security standards to protect sensitive financial information during the transaction process, making it a trusted option for both consumers and businesses. The cost efficiency associated with ACH transactions makes it an attractive payment method, particularly for recurring payments and bulk transactions, as it typically involves lower fees compared to other methods.

Overall, the emphasis on electronic transactions, cost efficiency, and security underscores the modern, automated nature of the ACH network, while manual processing does not align with its design and operational principles.