Choose Among the Following Services Provided by Modern FIs to Answer

question 100

Short Answer

Choose among the following services provided by modern FIs to answer questions 16-90 to 16-103.
-16-100 A centralized collection service where the payments are received on-line for corporate customers.
A)Account reconciliation.
B)Assisting small business entries into e-commerce.
C)Check deposit services.
D)Controlled disbursement accounts.
E)Electronic billing.
F)Electronic data interchange.
G)Electronic funds transfer.
H)Electronic initiation of letters of credit.
I)Electronic lockbox.
J)Facilitating business-to-business e-commerce.
K)Funds concentration.
L)Treasury management software.
M)Verifying identities.
N)Wholesale lockbox.

• A)Account reconciliation.
• B)Assisting small business entries into e-commerce.
• C)Check deposit services.
• D)Controlled disbursement accounts.
• E)Electronic billing.
• F)Electronic data interchange.
• G)Electronic funds transfer.
• H)Electronic initiation of letters of credit.
• I)Electronic lockbox.
• J)Facilitating business-to-business e-commerce.
• K)Funds concentration.
• L)Treasury management software.
• M)Verifying identities.
• N)Wholesale lockbox.

---

Definitions:

Virtual Teams

Groups of people who work together from different geographical locations via the internet.

Virtual Meetings

Online gatherings where participants use video, audio, and text to communicate and collaborate in real-time over the internet.

Planning

The process of making detailed proposals or strategies for achieving specific goals or completing tasks.

Diligence

Careful and persistent work or effort.