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

Bit manipulation techniques and mathematical functions, Within micro contro...

Within micro controller's software, it is very useful to be able to manipulate binary bits i.e. from ports etc. The ALU has command to shift data, rotate data, compare data, set/cl

Non-repudiation achieved in designing e-cash based system, How can non-repu...

How can non-repudiation be achieved into designing e-cash based system? E-cash is fundamentally an online solution. The buyer should validate the coins by the issuer so as to g

No class can derive, Make a console application. Add class 'Account' having...

Make a console application. Add class 'Account' having variables as num (integer) name (String), bal (double), ac_code (byte). Describe four different constructors to initialize th

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

What do you mean by ssi chips, Q. What do you mean by SSI chips? The 3 ...

Q. What do you mean by SSI chips? The 3 rd generation computers mostly used SSI chips. One of the key concepts that were brought forward for the duration of this time was conc

What is external interrupt, External Interrupt: Interrupt signal came ...

External Interrupt: Interrupt signal came from input-output devices connected external to processor. These interrupts depend on external conditions that are independent of the

Which device converts BCD to seven segment, A device which converts BCD to ...

A device which converts BCD to Seven Segment is called ? Ans. DECODER is a device that converts BCD to Seven Segment. This coverts binary words in alphanumeric characters.

Explain difference between space and time division switching, Through two b...

Through two block diagrams explain the difference between Space division and time division switching. Space and Time Switching: Space Switches: Connections can be made i

Explain vehicle tracking system, Case Study - A taxi company has 200 taxies...

Case Study - A taxi company has 200 taxies. The company provides its services to all the nine districts in Mauritius, about 20 taxies per district. A taxi is normally attached to

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