Electronic fund transfer, Other Subject

ELECTRONIC FUND TRANSFER

EFT or Electronic funds transfer  refers to the computer-based systems used to achieve financial transactions by electronic means.

The expression is used for a numeral of dissimilar concept:

  • Cardholder-initiated transactions, where a cardholder formulate use of a payment card
  • Direct deposit payroll payments for a business to its employees, probably via a payroll services company
  • Direct debit payments from customer to business, wherever the transaction is start by the business with customer agreement
  • Electronic bill payment in online banking, which may be deal out by EFT or paper check
  • Transactions concerning stored value of electronic money, probably in a private currency
  • Wire transmits by means of an international banking network (usually carries a higher fee)
Posted Date: 10/13/2012 1:56:09 AM | Location : United States







Related Discussions:- Electronic fund transfer, Assignment Help, Ask Question on Electronic fund transfer, Get Answer, Expert's Help, Electronic fund transfer Discussions

Write discussion on Electronic fund transfer
Your posts are moderated
Related Questions
how i present my assignment on lanthinides contraction nd give me ideas on it

how did the Israelites live?



Example 1 (a) Describe the term ‘ethics' as applied in counselling. (b) Which five components constitute a comprehensive ethical code for counsellors. Example 2

FINAL PRACTICUM EXAM Read your exam directions carefully two and three times, please, all the information you will ask questions about are written here. As an individual, you ar

Question: ‘An offshore company is one that does not conduct substantial business in its country of incorporation. It is sometimes known as non-resident company.' (a) What

#mention the aims of education in present scenario (within 250 words)

WHAT ARE THE ADVANTAGES AND DISADVANTAGES OF USING FLEMISH BOND?

Environmental Management: It is the procedure by which environmental health is regulated. It does not include managing the environment itself; however it is the procedure of takin