Certified Payroll Professional Practice Exam 2025 – Your All-in-One Guide to Exam Success

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Question: 1 / 400

What is the main governing body for electronic payments in the U.S.?

IRS

Federal Trade Commission

NACHA

NACHA, the National Automated Clearing House Association, is the main governing body for electronic payments in the U.S. NACHA is responsible for the development, administration, and governance of the ACH Network, which facilitates electronic payments such as direct deposit and direct payment. The IRS (Choice A) is the U.S. government agency responsible for tax collection and enforcement. The Federal Trade Commission (Choice B) focuses on consumer protection and preventing anti-competitive business practices. The SEC (Choice D) oversees securities markets and regulates the securities industry.

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SEC

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