Which of the following statements is true regarding electronic funds transfer (EFT)?

Which of the following statements is true regarding electronic funds transfer (EFT)?
A . EFT is a popular mechanism for improving efficiency, but results in less internal control.
B. EFT significantly reduces the risk of fraud by eliminating the need for authorizations.
C. EFT eliminates payment delays due mostly to the introduction of automated cash controls,
D. EFT makes use of numerous automated controls, but is still vulnerable to fraudulent accounting entries.

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Answer: C