AFP
CTP · Question #225
(Topic 3) JMW Company processes its consumer payments using a lockbox provider. On average 35% of its remittance advices contain encoding errors. JMW Company's cost for the lockbox provider to…
The correct answer is B. hybrid lockbox. See the full explanation below for the reasoning.
Question
- (Topic 3)
JMW Company processes its consumer payments using a lockbox provider. On average 35% of its remittance advices contain encoding errors. JMW Company’s cost for the lockbox provider to process these payments will be least impacted if it uses:
Options
- Awholesale lockbox.
- Bhybrid lockbox.
- Cdirect lockbox.
- Dretail lockbox.
How the community answered
(47 responses)- A15% (7)
- B74% (35)
- C4% (2)
- D6% (3)
Community Discussion
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