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

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Electronic funds transfer (EFT) is the process of sending money electronically from one bank account to another. Customers who send their payments directly to a company's bank are using EFT. EDI is a system for transmitting business documents electronically between different companies' computer systems. Procurement cards are credit cards used by businesses to make purchases. An electronic lockbox is a service provided by banks to receive and process payments electronically on behalf of a company.

Customers That Send Their Payments Electronically Directly to the Company's