Which of the following wholesale services offered by FIs to businesses allows the FI to combine the e-mail capabilities of the internet with the FIs ability to process payments electronically through the interbank payment networks?
A)Electronic data exchange.
B)E-commerce facilitation.
C)Electronic billing.
D)Electronic funds transfer.
E)Account reconciliation.

Question

Quizplus · Accepted Answer

Electronic billing combines email capabilities with the ability to process payments electronically, allowing businesses to send bills over the internet and receive payments through interbank networks.

Which of the Following Wholesale Services Offered by FIs to Businesses