Prepare for the Certified Compensation Professional (CCP) Electronic Transactions Association (ETA) Exam with flashcards and multiple choice questions. Each question includes hints and explanations to enhance your understanding. Get ready for your CCP exam today!

The acronym AFC stands for Automated Fare Collection System. This system is primarily utilized in public transportation systems to streamline the process of collecting fares from passengers. It leverages technology to automate fare collection processes, thereby enhancing efficiency, reducing wait times, and minimizing human error.

Automated Fare Collection Systems typically involve smart cards, mobile applications, and contactless payment methods, allowing passengers to easily pay for their rides without the need for cash transactions. This kind of system is prevalent in various cities across the globe, improving the overall convenience and speed of the public transit experience for users.

The other options, while they may refer to technology or processes in different contexts, do not represent what AFC signifies in transportation or fare collection contexts. For instance, Audio Frequency Control pertains to audio engineering rather than fare collection, and Advanced Financial Credit or Automated Fund Collection diverges into unrelated financial services or payment processing terms.

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