An internet-based banking facility that allows organisations to manage and view their bank accounts online and conduct transactions such as transfers from those accounts is called:
A)Online reconciliation
B)Online payment
C)Online banking
D)Online financial management

Question

Quizplus · Accepted Answer

Online banking is the internet-based facility that offers organisations the ability to manage and view their bank accounts online and conduct transactions like transfers from those accounts. Online payment, while related, typically refers only to the ability to make payments online, whereas online reconciliation and online financial management are broader terms that could encompass multiple financial activities beyond just banking.

An Internet-Based Banking Facility That Allows Organisations to Manage and View