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Free CRCM Exam Braindumps
CERTIFIED REGULATORY COMPLIANCE MANAGER (CRCM) Questions 192–193 (page: 116)

Updated On: 9-Feb-2026
Page 116 of 276
PDF with 463 Questions

EFT provides consumers with limitations on liability for unauthorized electronic fund transfers. It includes the following types of funds transfers EXCEPT:

  1. Point-of-sale transfers
  2. Automated teller machine (ATM) transfers
  3. Transfers initiated by Fax
  4. Withdrawals of funds, including merchant transactions where no electronic terminal is involved, if the customer's account is debited

Answer(s): C



EFT provides consumers with limitations on liability for unauthorized electronic fund transfers. It includes the following types of funds transfers EXCEPT:

  1. Point-of-sale transfers
  2. Automated teller machine (ATM) transfers
  3. Transfers initiated by Fax
  4. Withdrawals of funds, including merchant transactions where no electronic terminal is involved, if the customer's account is debited

Answer(s): C



is a transfer that is authorized in advance to occur at substantially regular intervals. Payments that require the consumer to take specific actions to initiate them (such as by entering instructions on a touch-tone telephone or on the Internet) are not such type of EFTs.

  1. A preauthorized EFT
  2. A postauthorized EFT
  3. A standard format EFT
  4. A customized EFT

Answer(s): A



is a transfer that is authorized in advance to occur at substantially regular intervals. Payments that require the consumer to take specific actions to initiate them (such as by entering instructions on a touch-tone telephone or on the Internet) are not such type of EFTs.

  1. A preauthorized EFT
  2. A postauthorized EFT
  3. A standard format EFT
  4. A customized EFT

Answer(s): A



is a transfer that is authorized in advance to occur at substantially regular intervals. Payments that require the consumer to take specific actions to initiate them (such as by entering instructions on a touch-tone telephone or on the Internet) are not such type of EFTs.

  1. A preauthorized EFT
  2. A postauthorized EFT
  3. A standard format EFT
  4. A customized EFT

Answer(s): A



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