Final answer:
The opportunity to receive and pay bills online is called online bill paying, which allows for efficient and secure management of financial transactions.
Step-by-step explanation:
The opportunity to receive and pay bills online is known as c) online bill paying. This service allows individuals to manage their bills digitally through a financial institution's website or through a dedicated payment platform. Using online bill paying services, users can easily track their payment history, set up automatic payments, and avoid the hassle of mailing checks or paying in person. It provides a fast, secure, and convenient way to handle financial transactions related to utility, credit card, mortgage, and other types of bills.