Which of the Following Statements BEST Describes How the Automated

Multiple Choice

Which of the following statements BEST describes how the Automated Clearing House Network (ACH) maintains its integrity as a processor of electronic payments?

A) The ACH network is an institution within the Federal Bank System and is regulated by strict government standards.
B) The ACH network is a for-profit company and is regulated by its need to make a profit, which it can only do by strictly regulating itself.
C) The ACH network is a financial institution and is thus regulated by its obligations to its investors.
D) The ACH network is a not-for-profit association which launched the Accredited ACH Professional program and established the system's operating rules.
E) The ACH network is a professional organization to which all financial institutions are obligated to contribute resources and is regulated by the interests of these institutions.