Which of the following statements regarding e-payment technologies is true?
A) an advantage to the payer is that float is eliminated
B) the use of EDI for payments continues to decline in use
C) e-payments are settled through the ACH network, by wire transfer, or by debit or credit card
D) the cost of paying an invoice is reduced by about 50% when using e-payments

Question

Quizplus · Accepted Answer

E-payments can be settled through various methods including the ACH network, wire transfer, or debit/credit card. Option A is incorrect as float is actually eliminated for the payee, not the payer. Option B is also incorrect as EDI is still widely used for payments. Option D may not always be true as the cost savings may vary depending on factors such as transaction volume and type of payment method used.

Which of the Following Statements Regarding E-Payment Technologies Is True