Electronic fund transfer, Other Subject

Assignment Help:

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)

Related Discussions:- Electronic fund transfer

Neurological and neurovascular observations, Neurological - Neurological ob...

Neurological - Neurological observation is the collection of information on a patient's central nervous system this consisting of the brain and spinal cord. Neurovascular - Neur

Plasama display and LCD, advantages and dis advantages of plasma display an...

advantages and dis advantages of plasma display and LCD?

Adolescene and Family education.., .Describe the role of school, parents an...

.Describe the role of school, parents and peers in imparting family life education.

Assess the safeguards of liberty, Question 1 Identify Arguments in support...

Question 1 Identify Arguments in support of the view that Political Science is a science Question 2 Write a note on ‘Political Thought' Question 3 Explain the Main

Humanities, Both Winner and Joy explore the issue of technology and control...

Both Winner and Joy explore the issue of technology and control. How would you compare their two views of current technological development? Focus the comparison on a specific tech

Eai project, EAI Project: Project Name : EAI Project Role : Lead...

EAI Project: Project Name : EAI Project Role : Leading and Managing the team. Understanding of existing EAI Architecture implemented. Requirement Gathering. System Study

Describe career development, Question: (a) I) Describe career developm...

Question: (a) I) Describe career development and illustrate why we need to study related theories? II) Define decision making and explain how this relates to career counse

Encryption in digital signatures, Encryption in Digital Signatures Dig...

Encryption in Digital Signatures Digital Certificates Work In physical transactions, the challenges of authentication, identification and privacy are solved with physical

Guidance and counselling , Training to be a counsellor is a multifaceted pr...

Training to be a counsellor is a multifaceted process, which takes time and commitment to ensure success. An often overlooked starting point is examining oneself. Self-assessment i

History of new media, History of New media: The term has actually been use...

History of New media: The term has actually been used since the 1970s by researchers conducting social, psychological, economic, political and cultural studies of information and

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd