Which of the following wholesale services offered by FIs allows businesses to transfer and transact invoices, purchase orders, and shipping notices automatically?
A)Electronic data exchange.
B)E-commerce facilitation.
C)Electronic billing.
D)Electronic funds transfer.
E)Account reconciliation.

Question

Quizplus · Accepted Answer

Electronic data exchange (EDI) allows businesses to transfer and transact invoices, purchase orders, and shipping notices automatically. EDI eliminates the need for paper-based transactions and manual data entry, improving the accuracy and efficiency of the transaction process.

Which of the Following Wholesale Services Offered by FIs Allows