Vidyalelo
Commerce · Q100

eCommerce

Graduate and Post Graduate · Commerce · question 100

Q100

Which of the following permits the transmission of a bill, along with payment of that bill, to be conducted over the Internet?

A.
financial cybermediary
B.
electronic check
C.
electronic bill presentment and payment
Answer
D.
all of the above

Answer: Option C

Solution

Answer: Option C
Solution:
Electronic bill presentment and payment permits the transmission of a bill, along with payment of that bill, to be conducted over the Internet. Electronic Bill Payment & Presentment (EBPP) is a process, which companies use to collect payments via the Internet, direct dial access, Automated Teller Machine (ATM), or other electronic method. Electronic Bill Payment & Presentment is a core component of many financial institutions' online banking offerings.