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A(n) ______ system is an arrangement that permits a customer's bank to periodically transfer funds from its account to a selling firm's bank account to
A(n) ______ system is an arrangement that permits a customer's bank to periodically transfer funds from its account to a selling firm's bank account to pay an amount owed to the selling firm.
a. concentration banking
b. disbursement
c. lockbox
d. preauthorized debit
e. accounts payable
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