Electronic Fund Transfer Systems. A variety of systems and technologies for transferring funds (money) electronically rather than by check. This includes Fedwire, automated clearinghouses (ACHs), and other automated systems.
EFTs are Electronic Fund Transfers between banks. EFTs are the safest, most secure, and timely method of sending or receiving payments.
electronic funds transfer systems. Variety of computerized systems that eliminate paperwork by handling financial transactions such as bill payment or the transferring of money electronically.
Electronic Funds Transfer Systems. A variety of systems and technologies for transferring funds (money) electronically rather than by check. Includes Fedwire, automated clearing houses (ACHs) and other automated systems.
Electronic Funds Transfer System—An electronically-based system that eliminates the need for paper (such as a check) in the movement of funds, e.g., ATM withdrawal or a pay-by-phone transaction.
Electronic Funds Transfer System. Funds may be electronically transferred between accounts of buyers, sellers, and other individuals. This service allows for direct deposits or withdrawals without processing written checks.