Quizizz 4.2.8/4.2.9 (EFT) Electronic Funds Transfer

EFT stands for _____.

• electronic funds transfer

• electronic funding ticket

• electric funds transfer

• electric funds ticket

EFT payments are _____ mailed payments.

• more expensive than

• faster than

• the same as

• less safe than

EFT payments are _____ than mailed payments

• more accessible

• less efficient

• more accurate

• less convenient

The process to stop EFT payments is often _____.

• efficient

• fast

• changing

• difficult

Before initiating EFT, a company must have an account with a _____.

• merchant provider

• vendor

• customer

• tax authority

A company sends a completed customer authorization form to a customer's _____.

• merchant provider

• bank

• vendor

• home address

A customer authorization form needs to include a customer's _____.

• salary

• job title

• signature

• Social Security number

A customer needs to attach a _____ to a customer authorization form.

• utility payment

• pay stub

• credit report

• voicded check

To which of the following do companies most often make EFT payments?

• employees

• customers

• merchant providers

• banks

From which of the following do companies most often receive EFT payments?

• employees

• customers

• vendors

• tax authorities