AAP Exam Prep- Nacha
Handbook 2026 Exam
Questions and Answers |
Already Graded A+
What is Direct Access? - ANSWER ✔✔Direct Access occurs when an
Originator, Third-Party Service Provider or Third-Party Sender transmits
credit or debit entries directly to an ACH Operator using an ODFI's
routing number and settlement account.
What is a Third-Party Service Provider (TPSP)? - ANSWER ✔✔A
Third-Party Service Provider is an organization that performs any
function of ACH processing of entries on behalf of the Originator, the
, Third-Party Sender, the ODFI or the RDFI (not including the Originator,
ODFI or RDFI acting in such capacity) for such entries). A function of
ACH processing could be creating an ACH file on behalf of an Originator
or ODFI or acting as a Sending Point or Receiving Point on behalf of an
ODFI or RDFI, respectively
How are some TPSPs used by RDFIs? By ODFIs? By Businesses? -
ANSWER ✔✔RDFIs may receive their ACH entries through a Third-
Party Service Provider (receiving point) that provides electronic receiving
services. ODFIs may designate a third-party as their sending point. A
sending point is an entity that transmits entries to an ACH Operator on
behalf of the ODFI. Businesses may contract with a Third-Party Service
Provider to create ACH files on their behalf (e.g., payroll processor).
How can FIs and businesses limit their risk when dealing with Third-
Party Service Providers? - ANSWER ✔✔A financial institution must
understand that utilizing a Third-Party Service Provider in no way
relieves the financial institution of its responsibilities. A financial
institution can limit its risk by: Entering into an agreement that addresses
areas of potential risk. ODFIs should establish dollar limits on the files
that the Third-Party Service Provider can deposit with the ACH Operator.
ODFIs should require Third-Party Service Providers to notify the ODFI of
dollar totals for each file deposited with the ACH Operator.
Handbook 2026 Exam
Questions and Answers |
Already Graded A+
What is Direct Access? - ANSWER ✔✔Direct Access occurs when an
Originator, Third-Party Service Provider or Third-Party Sender transmits
credit or debit entries directly to an ACH Operator using an ODFI's
routing number and settlement account.
What is a Third-Party Service Provider (TPSP)? - ANSWER ✔✔A
Third-Party Service Provider is an organization that performs any
function of ACH processing of entries on behalf of the Originator, the
, Third-Party Sender, the ODFI or the RDFI (not including the Originator,
ODFI or RDFI acting in such capacity) for such entries). A function of
ACH processing could be creating an ACH file on behalf of an Originator
or ODFI or acting as a Sending Point or Receiving Point on behalf of an
ODFI or RDFI, respectively
How are some TPSPs used by RDFIs? By ODFIs? By Businesses? -
ANSWER ✔✔RDFIs may receive their ACH entries through a Third-
Party Service Provider (receiving point) that provides electronic receiving
services. ODFIs may designate a third-party as their sending point. A
sending point is an entity that transmits entries to an ACH Operator on
behalf of the ODFI. Businesses may contract with a Third-Party Service
Provider to create ACH files on their behalf (e.g., payroll processor).
How can FIs and businesses limit their risk when dealing with Third-
Party Service Providers? - ANSWER ✔✔A financial institution must
understand that utilizing a Third-Party Service Provider in no way
relieves the financial institution of its responsibilities. A financial
institution can limit its risk by: Entering into an agreement that addresses
areas of potential risk. ODFIs should establish dollar limits on the files
that the Third-Party Service Provider can deposit with the ACH Operator.
ODFIs should require Third-Party Service Providers to notify the ODFI of
dollar totals for each file deposited with the ACH Operator.
