Which of the following would NOT be considered an Exception Item?

Standard transaction approvals would not be considered an Exception Item because they represent typical transactions that pass through the payment processing system without issues. Exception Items, by definition, are transactions that require special handling due to problems such as fraud, errors, or irregularities.

In contrast, lost or stolen account numbers, counterfeit account information, and fraudulent account numbers all indicate some form of an anomaly or issue that necessitates further investigation or specific handling. These items can lead to disputes, additional security measures, or the need for corrections in transaction processing, thus categorizing them as exceptions. Standard transaction approvals, however, follow the normal operational procedures and do not present any exceptions or issues to address, making them distinct from items that would warrant special attention.