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Which of the following permits the transmission of a bill, along with payment of that bill, to be conducted over the Internet?
Answer & Solution
Correct Answer:
Option
C
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.
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