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

What are the characteristics of semiconductor ram memories, What are the ch...

What are the characteristics of semiconductor RAM memories? They are available in a wide range of speeds. Their cycle time range from 100ns to less than 10ns. The

The concept of parallel execution and concurrent , The Concept of Parallel ...

The Concept of Parallel Execution and Concurrent Real world systems are obviously concurrent, and computer science is about modelling the actual world. Examples of actual worl

Determine maximum possible time of 4-bit synchronous counter, A 4-bit synch...

A 4-bit synchronous counter uses flip-flops with propagation delay times of 15 ns each. The maximum possible time required for change of state will be ? Ans. 15 ns since in sy

What are the advantages of interviewing, What are the Advantages of Intervi...

What are the Advantages of Interviewing - Opportunity to motivate interviewee to give open and free answers to analyst's questions - allows analyst to probe for more f

Write-allocate and no-write-allocate policy in a cache, (a) How does a da...

(a) How does a data cache take advantage of spatial locality? Give an suitable example. (b) What are the basic differences between a write-allocate and no-write-allocate po

Explain network security, Explain network security. Network security me...

Explain network security. Network security means the security of networks and their services from unauthorized access, changes, destruction or disclosure. It gives for assuranc

Layered architecture.., advantages and disadvantages of layered architectur...

advantages and disadvantages of layered architecture in computer network.

Variable ordering - forward checking, Variable ordering - Forward checking:...

Variable ordering - Forward checking: Hence this is different from variable ordering in two important ways as: Whether this is a dead end when we will end up visiting a

Minimization of the logic function using k-maps, Minimize the logic functio...

Minimize the logic function F(A, B, C, D) = ∑ m(1,3,5,8,9,11,15) + d(2,13) using K-maps Ans. The logic function minimization of F(A, B, C, D) = ∑ m(1,3,5,8,9,11.15) + d(2,13) by

Find point-to-point link required in fully connected network, The number of...

The number of point to point links required in a fully connected network for 50 entities is? The number of point to point links needed in a completely connected network for 50

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages