A system where the bank electronically notifies a company about customers' remittances received through the postal system is known an

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An electronic lockbox system is designed to streamline and automate the receipt and processing of customer payments. In this system, the bank electronically notifies a company about customers' remittances received through the postal system. This enables the company to quickly and efficiently process payments, reducing the time and expense involved in manual processing. E-cash system refers to an electronic payment system where transactions are settled using digital tokens or "e-cash." Electronic funds transfer (EFT) involves the electronic transfer of funds from one bank account to another. Electronic data interchange (EDI) refers to the electronic exchange of business documents between trading partners in a standardized format.

A System Where the Bank Electronically Notifies a Company About