The term ________ refers to the computer and electronic technology that makes it possible for banks to offer electronic payment and collection systems to bank customers.

Question

Quizplus · Accepted Answer

The term "electronic funds transfer system (EFTS)" is commonly used to refer to the computer and electronic technology that enables banks to provide electronic payment and collection systems to their customers. This includes services such as wire transfers, direct deposit, and online bill payment. The other options listed (A, C, and D) are not commonly used terms in the banking industry.

The Term ________ Refers to the Computer and Electronic Technology