Cameron is a human resources manager at a large legal firm. When new employees start working at the firm, Cameron has them fill out paperwork, so the company can deposit their paychecks directly into their bank accounts. Which of the following electronic banking innovations would Cameron most likely use to set up these direct deposits?

Multiple Choice

• a traditional banking transfer

• an electronic funds transfer

• an automated teller machine

• an automated clearinghouse

• a mobile banking application