Which of the following steps in the payment process refers to the payor and payee banks processing payment information for the transfer of funds Select one a Settlement of funds b Clearing the payment c Providing payment instructions and generating the payment d None of these

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Which of the following steps in the payment process refers to the payor and payee banks processing payment information for the transfer of funds? Select

Which of the following steps in the payment process refers to the payor and payee banks processing payment information for the transfer of funds?

Select one:

Settlement of funds

Clearing the payment

Providing payment instructions and generating the payment

None of these

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