16-59 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 electronic payment processing, allowing businesses to send invoices and receive payments through interbank networks.

16-59 Which of the Following Wholesale Services Offered by FIs