Choose among the following services provided by modern FIs to answer questions 16-90 to 16-103.
-16-102 A feature that records which checks have been paid by the FI.
A)Account reconciliation.
B)Assisting small business entries into e-commerce.
C)Check deposit services.
D)Controlled disbursement accounts.
E)Electronic billing.
F)Electronic data interchange.
G)Electronic funds transfer.
H)Electronic initiation of letters of credit.
I)Electronic lockbox.
J)Facilitating business-to-business e-commerce.
K)Funds concentration.
L)Treasury management software.
M)Verifying identities.
N)Wholesale lockbox.

Question

Quizplus · Accepted Answer

This feature is typically included in account reconciliation services provided by FIs. It helps customers keep track of which checks have been paid and reconcile their accounts accordingly.

Choose Among the Following Services Provided by Modern FIs to Answer