Customers that send their payments electronically directly to the billing company's bank are using

Question

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Electronic funds transfer (EFT) refers to customers sending payments electronically directly to the billing company's bank. Electronic data interchange (EDI) is a specific type of electronic communication used for business transactions, procurement cards are used for purchasing goods and services, and an electronic lockbox is a service provided by banks to process incoming paper checks electronically.

Customers That Send Their Payments Electronically Directly to the Billing