With the Biller Direct Method of an Electronic Bill Presentment

question 65

True/False

With the biller direct method of an electronic bill presentment and payment (EBPP) system, a company posts its bills/invoices to its own Web site (or to a Web site hosted by a third party) and sends an e-mail notification to its customers telling them that their bill has been posted.

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Definitions:

Opendoor

A technology company in the real estate sector that simplifies the process of buying and selling homes through digital platforms.

Commission

A fee paid to an agent or employee for transacting a piece of business or performing a service, especially a percentage of the money received from a total paid to the agent responsible for the business.

Processor

is a component within a computing device responsible for interpreting and executing instructions, serving as the brain of the computer or device.

Monitor

A monitor is a display device that provides a visual interface for computers, allowing users to view and interact with the operating system and applications.