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 is strong-typing versus weak-typing, What is strong-typing versus weak...

What is strong-typing versus weak-typing? Which is preferred? Why? Strong type is checking the types of variables as early as possible, usually at compile time. Whereas weak ty

Evaluate sop expression, Q. For function F(x,y,z) = ∑m(0,1,2,6,7) using TRU...

Q. For function F(x,y,z) = ∑m(0,1,2,6,7) using TRUTH TABLE only.   1. Find SOP expression 2. Implement this simplified expression using two level AND-to-OR gate network 3. I

Mpi communications, We have to use 3 MPI communications: Plz the code in C+...

We have to use 3 MPI communications: Plz the code in C++     1.  MPI_Scatter 2.  MPI_Alltoall 3.  MPI_Gather     **The length of the array will be determined by the user Fir

Commutatively of connectives - artificial intelligence, Commutatively of Co...

Commutatively of Connectives You will be aware from the fact that some arithmetic operators have a property that it does not matter which way around you give the operator input

What a hardware uses to calculates cyclic redundancy check, Hardware that c...

Hardware that calculates CRC (Cyclic Redundancy Check) uses: Hardware which computes CRC utilizes shift register and Xor unit.

Show the properties of frame tag, Q. Show the properties of Frame Tag? ...

Q. Show the properties of Frame Tag? This tag is used for placing an HTML file in the frame created. We should now tell browser what to put in every frame.

The concept of thread-parallel computing, The Concept of Thread Thread ...

The Concept of Thread Thread is a chronological flow of control within a process. A process can include one or more threads. Threads have their own register values and program

What is a breeder reactor, Q. What is a breeder reactor? 92 U 238 and...

Q. What is a breeder reactor? 92 U 238 and 90 Th 232 aren't fissile materials but are abundant in nature. In the reactor these are able to be converted into a fissile mater

What is fork swap, What is Fork swap? "Fork ()" is a system call to mak...

What is Fork swap? "Fork ()" is a system call to make a child process. When the parent process calls "fork()" system call, the child process is formed and if there is short of

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