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.

Question

Quizplus · Accepted Answer

Electronic data exchange (EDI) is a wholesale service offered by FIs that enables businesses to transfer and transact invoices, purchase orders, and shipping notices automatically in a standardized electronic format. EDI allows for more efficient and accurate communication between businesses involved in the transaction process.

Which of the Following Wholesale Services Offered by FIs Allows