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Customers can pay for products at Macy's using Google Wallet,a mobile payment app.At the register,customers tap their mobile device on a(n) __________ device in order to transfer funds to Macy's.
Lockboxes
A service offered by banks to companies for the collection of payment from customers, involving the use of special post office boxes.
Transactions Needs
The requirement for cash or liquid assets for the purpose of meeting immediate expenses or financial obligations.
Collection Float
The time period between when a payment is initiated by a payer and when the funds are available in the payee’s account.
Opportunity Costs
The benefit that is missed or foregone when choosing one alternative over another.
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