Question

Which of the following statements regarding e-payment technologies is true?

a. an advantage to the payer is that float is eliminated
b. approximately 50% of all business payments in the US use this technology
c. e-payments are settled through the ACH network, by wire transfer, or by credit card
d. the cot of paying an invoice is about .$75 when using e-payments

Answer 1

Option C, which says e-payments are settled through the ACH network, by wire transfer, or by credit card, is true as these are the common methods of settling e-payments providing convenience and security.

Step-by-step explanation:

The question refers to the characteristics and advantages of e-payment technologies. Option C states that 'e-payments are settled through the ACH network, by wire transfer, or by credit card', which is a true statement. Electronic payment methods such as ACH (Automated Clearing House) transfers, wire transfers, and credit card transactions are indeed common methods of settling e-payments. These methods allow for efficient and secure transfers of funds between parties. ACH is often used for regular, recurring transactions such as payroll, while wire transfers are used for higher-value, time-sensitive transfers and credit cards for consumer purchases. These methods provide convenience and safety by minimizing the need for physical cash and streamlining transaction processes.