What is a standard electronic process for B2B market purchase payments?
A) Financial EDI
B) Financial cybermediary
C) EDI
D) None of these

Question

Quizplus · Accepted Answer

Financial EDI (Electronic Data Interchange) is a standard electronic process for B2B market purchase payments. It allows businesses to exchange payment information and other financial documents electronically, automating the payment processing and reducing errors and costs associated with manual processes. Financial cybermediary and EDI are similar processes, but Financial EDI is specifically used for financial transactions.

What Is a Standard Electronic Process for B2B Market Purchase