Accredited ACH Professional (AAP) Practice Exam 2025 - Free AAP Practice Questions and Study Guide

The payment system governed by the Electronic Funds Transfer Act and Visa regulations is the card payment system. This system specifically includes transactions conducted via credit and debit cards, which are processed through networks managed by card brands such as Visa and Mastercard. The Electronic Funds Transfer Act (EFTA) provides consumer protections for electronic money transfers, including those made via card payments.

The oversight helps ensure that consumers have certain rights regarding unauthorized transactions, disclosure of terms and conditions, and error resolution processes. This regulatory framework is essential for maintaining the integrity and trust in electronic payment methods.

In contrast, while the ACH payment system is subject to different regulations, it primarily focuses on automated clearing house transactions which do not fall under the purview of Visa regulations. The check payment system is regulated by different laws and not specifically EFTA or Visa, while wire transfers, though regulated, are primarily governed by different rules that do not involve the card payment framework.