Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q:Question:The Wall Street Journal reported that businesses are aggressively pushing consumers to pay bills electronically. Numerous banks dropped their monthly fees for online bill paying,

Q:Question:The Wall Street Journal reported that businesses are aggressively pushing consumers to pay bills electronically. Numerous banks dropped their monthly fees for online bill paying, and many merchants are offering incentives for customers to sign up for online bill payment. Aside from the direct cost savings to businesses, such as lower postage and other administrative costs, what other reason might explain a business�s interest in online bill payment? Explain your answer. Posting should be a minimum of one short paragraph and a maximum of four paragraphs. Answer should be different than other posted answers to receive an upvote!A:Answer:See a step by step answer

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Money Banking and Financial Markets

Authors: Stephen Cecchetti, Kermit Schoenholtz

4th edition

007802174X, 978-0078021749

More Books

Students also viewed these Banking questions