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

Describe the bespoke versus off-the-shelf software, Bespoke versus off-the-...

Bespoke versus off-the-shelf software Generally software packages are bought off-the-shelf. Though, certain applications (generally for industrial companies, commercial busines

What are the steps comprised in authentication, What are the steps comprise...

What are the steps comprised in authentication? Steps in Authentication: The control over the access of the resources within the repository is exercised in two steps tha

Instruction level-levels of parallel processing, Instruction Level It r...

Instruction Level It refers to the condition where different instructions of a program are implemented by different processing elements. Most processors have numerous execution

What is usb, What is USB USB (UNIVERSAL SERIAL BUS) is intended to conn...

What is USB USB (UNIVERSAL SERIAL BUS) is intended to connect peripheral devices like mouse, keyboards, modems and sound cards to microprocessor through a serial data path and

What is a macro, What is a macro ? How it is defined ? Preprocessor' is...

What is a macro ? How it is defined ? Preprocessor' is a translation phase that is applied to  source code before the compiler  proper  gets  its  hands on  it.  Generally,  th

Find out how many words can be formed from daughter, Find out how many word...

Find out how many words can be formed out of the letters of the word DAUGHTER such that (i)  The vowels are all time together. (ii)  The vowels occupy even places.   Ans:

Explain about instruction register and flags, Q. Explain about Instruction ...

Q. Explain about Instruction Register and Flags? The Instruction Register: It comprises the operation code (opcode) and addressing mode bits of the instruction. It assists in

What is meant by the guest function, When  transferring  one  functio...

When  transferring  one  function  to  another,  what  is  meant  by  the  guest  function? A pointer to a function can be passed to another function as an argument. This allows

What is full trust, What is Full Trust? Your code is permitted to do an...

What is Full Trust? Your code is permitted to do anything in the framework, meaning that all (.Net) permissions are granted. The GAC has Full Trust because it's on the local HD

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