With the Consolidation/aggregation Method of an Electronic Bill Presentment and Payment

question 94

True/False

With the consolidation/aggregation method of an electronic bill presentment and payment (EBPP) system, a company's bills are posted, along with bills from other companies, to a Web site hosted by a third party. Customers then go to that site to pay bills from a number of companies.

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Definitions:

6 Years

A period of time equal to six annual terms, often referenced in financial agreements or projections.

Compounded Monthly

Involves the addition of earned interest back to the total principal amount at the end of each month, effectively earning interest on interest.

4 Years Ago

A term referring to a point in time that is four years prior to the current date.

Annually

Pertaining to something that occurs once every year.