What kind of entries would an Exception File typically contain?

An Exception File typically contains entries that require thorough review before processing. This is essential in the payments industry as it allows for the identification and management of transactions that may have issues or discrepancies that need to be resolved before they can be fully processed. For example, discrepancies could include incorrect account numbers, insufficient funds, or other irregularities that might prevent a transaction from being completed successfully.

The inclusion of such entries in an Exception File is a critical part of risk management in payment processing. It ensures that potentially problematic transactions are flagged for review, allowing payment professionals to investigate and address any issues prior to final approval or execution.

In contrast, the other options do not accurately describe the nature of an Exception File. Completed transactions for the month, transactions over a certain dollar amount, and standard customer complaints do not inherently denote the need for special review—they represent more routine aspects of transaction processing or customer service. Hence, those entries would not typically be included in an Exception File.