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

Computational study of a spring-mass system, Idealized spring-mass systems ...

Idealized spring-mass systems have numerous applications throughout engineering. Fig.1 shows an arrangement of three masses and four springs which, after is released, is pulled dow

Software engineering, specialization,ggeneralization and aggregation of rai...

specialization,ggeneralization and aggregation of railway reservation system?

Facsimile , FACSIMILE : This is often known as 'fax' and it represents the...

FACSIMILE : This is often known as 'fax' and it represents the interface between reprographic and computer technology. By using fax, the contents of a sheet of paper (text or illu

Explain simplifying the sop boolean expression using k-map, Explain Simplif...

Explain Simplifying the SOP f the Boolean expression using the K-Map? To simplify the SOP of the Boolean expression using the K map, first identify all the input combinations tha

Determine the factor consider when selecting digital encoder, 1. What facto...

1. What factors should be considered when selecting a digital encoder (line codes)? Briefly mention five of those factors. Use sketches and additional text to describe the followin

What is hashing, What is Hashing? Hashing: Hashing gives the direct acc...

What is Hashing? Hashing: Hashing gives the direct access of record from the file no matter where the record is in the file. This is possible with the help of a hashing functio

Target _self, TARGET = "_self" "_self" puts the new document in the s...

TARGET = "_self" "_self" puts the new document in the same window and frame as current document. "_self" works the same as if you hadn't used TARGET at all.

Explain jk flip-flop using sr flip-flop, Q. Explain 4 bit Ripple counter wi...

Q. Explain 4 bit Ripple counter with necessary diagram. Q. Explain JK Master-slave Flip-flop with block diagram and logic design. Q. Explain JK flip-flop using SR flip-flop

Explain dynamic server creation briefly, Explain dynamic server creation br...

Explain dynamic server creation briefly. Dynamic Server Creation: If only one server handles one request at a time, each client should wait while the server fulfils the on

What are called stalls, What are called stalls? An alternative represen...

What are called stalls? An alternative representation of the operation of a pipeline in the case of a cache miss gives the function performed by every pipeline stage in each cl

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