Question: What is financial electronic data interchange ( FEDI ) ? A . It is the combination of EFT and EDI that enables both remittance data
What is financial electronic data interchange FEDI
A It is the combination of EFT and EDI that enables both remittance data and funds transfer instructions to be included in one electronic package.
B It is a document listing names and amounts of all customer payments received in the mail.
C It is the transfer of funds through use of online banking software.
D It is a lockbox arrangement in which the bank electronically sends the company information about the customer account number and the amount remitted as soon as it receives payments.
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