Which term is synonymous with Electronic Invoice Delivery Service?

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Prepare for the Certified Compensation Professional (CCP) Electronic Transactions Association (ETA) Exam with flashcards and multiple choice questions. Each question includes hints and explanations to enhance your understanding. Get ready for your CCP exam today!

The term synonymous with Electronic Invoice Delivery Service is EBIDS, which stands for Electronic Bill and Invoice Delivery Service. This service is designed to automate the delivery of invoices in electronic format, streamlining the invoicing process for businesses and their clients. By utilizing EBIDS, organizations can improve efficiency, reduce paper waste, and accelerate payment cycles, making it a crucial aspect of modern electronic transactions.

The other terms do not directly relate to electronic invoice delivery. EBPP, or Electronic Bill Presentment and Payment, refers to the system that includes both the presentation of bills and the option for customers to pay electronically, encompassing a broader scope than just invoice delivery. ECA, which stands for Electronic Check Acceptance, deals with the acceptance of payments via electronic checks, while E-Check is a payment method using electronic checks. Both of these are focused on payment processes rather than the delivery of invoices.

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