Which of the Following Is False

Which of the following is false?

A) An electronic funds transfer system eliminates the need for a deposit account.
B) Electronic payments account for about 90 percent of the dollar value of all payments.
C) Examples of electronic funds transfer systems include ATM machines, point-of-sale terminals, cash cards, debt cards, and Internet banking.
D) Many employers currently pay employees by crediting their employees' checking accounts rather than issuing checks.