meaning of electronic funds transfer

1. electronic funds transfer communications> EFT, EFTS, - system Transfer of money initiated through electronic terminal, automated teller machine, computer, telephone, or magnetic tape. In the late 1990s, this increasingly includes transfer initiated via the World-Wide Web. The term also applies to credit card and automated bill payments. Glossary http://www. fms. treas. gov/eft/glossary. html.

Related Words

electronic funds transfer | electronic funds transfer point of sale | electronic funds transfer system |

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