Question

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

Answer 1

The correct statement about e-payment technologies is that e-payments are settled through the ACH network, by wire transfer, or by debit or credit card. Debit cards are linked to bank accounts and facilitate the electronic transfer of real money, whereas credit cards allow for purchases on credit.

Step-by-step explanation:

The statement regarding e-payment technologies that is true is c. e-payments are settled through the ACH network, by wire transfer, or by debit or credit card. When using a debit card, the holder can transfer funds electronically from their bank account to pay for goods or services.

It is directly linked to the user's bank account, providing a convenient way to make purchases without carrying cash. On the other hand, a credit card allows for a purchase on credit, and the borrowed amount is typically paid back at a later date. Unlike debit cards, credit cards do not directly withdraw funds from a checking or savings account.