What do you mean by electronic funds transfer, Computer Engineering

Assignment Help:

What do you mean by Electronic Funds Transfer?

Electronic Funds Transfer:

It’s an electronic payment method which transfers the money value through one bank account to other in similar or different bank.

Today we can also employ Internet Based Electronic Funds Transfer (EFT) that means that the connection between the cyber banks and security protection throughout the transmission is shall.

EFT has been within use from the 1970’s by automated clearinghouses (ACHs)

Related Discussions:- What do you mean by electronic funds transfer

Economic argument for good design, One way of demonstrating the importance ...

One way of demonstrating the importance of good ID is by showing tangible benefits that can be talked about in cash terms. Within a business, good ID can lead to benefits such as h

Designing e-cash based system, How can it be achieved in designing e-cash b...

How can it be achieved in designing e-cash based system? E-cash is essentially an online solution. The buyer must validate the coins by the issuer in order to get the purchase

A subroutine can contain nested form and endform blocks, A subroutine can c...

A subroutine can contain nested form and endform blocks. False.

Explain what is meant by a bus, Question: (a) Comment on the general s...

Question: (a) Comment on the general structure of the IAS Computer, illustrate your answer using a diagram. (b) (i) Define CPU time. (a) (ii) A program runs in 10

What are the layers of data description in r/3, What are the layers of data...

What are the layers of data description in R/3? There layesr are there:- The external layer. The ABAP/4 layer. The database layer.

Example of a router connects to at most networks, A router connects to at m...

A router connects to at most K networks. How many routers R are required to connect to N networks? Derive an equation that gives R in terms of N and K. If N K and K >=2 this

Local minima - sigmoid units, Local minima - sigmoid units: Alternativ...

Local minima - sigmoid units: Alternatively in addition to getting over some local minima where the gradient is constant in one direction or adding momentum will increase the

Coa, Whats the use of coa

Whats the use of coa

Explain the violating basic security principles, Explain the violating basi...

Explain the violating basic security principles There are drawbacks to permitting users to access the Intranet as well as not permitting them. A simple consideration such as a

The height of the left sub tree and height of the right tree, The differenc...

The difference among the height of the left sub tree and height of the right tree, for each node, is almost one. AVL - tree

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages