| Webster's Online Dictionary |
| Expressions | Definition | ||
| Electronic funds transfer | Electronic Funds Transfer represents the way your business can receive direct deposit of all payments to your company bank account and means that your money will be confirmed in your bank account quicker than if you have to wait for the mail, deposit your check, and wait for the funds to become available. (references) | ||
Source: compiled by the editor from various references; see credits. | Top | ||
| Expressions | Domain | Definition | |
| Electronic Funds Transfer | Business | A transfer transaction instruction given to the Federal Reserve System. (references) | |
| Electronic Funds Transfer | Economics | System of transferring funds from one account to another by electronic means. (references) | |
| Electronic funds transfer | Computing | Electronic funds transfer (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). (1999-12-08). Source: The Free On-line Dictionary of Computing.. | |
| Electronic funds transfer (EFT) | Aerospace | A method of payment in which your bank transfers funds electronically from your bank account into another bank account. In Payables, your bank transfers funds from your bank account into the bank account of a supplier you pay with the Electronic payment method. (references) | |
| Electronic funds transfer (EFT) | Banking | Transfer of funds electronically rather than by check or cash. The Federal Reserve's Fedwire and automated clearinghouse services are EFT systems. (references) | |
| Electronic funds transfer (EFT) | Business | A system using electronic means to transfer payment data and funds from an originator to a recipient’s account at a receiving financial institution. These systems are a faster, more secure way of transferring funds in contrast to transfers authorized by paper check. (references) | |
| Electronic funds transfer (EFT) | Trade | Systems used to transfer funds electronically, i.e., computers, magnetic tapes, automated teller machines, and telephones instead of issuing paper checks. (references) | |
| ELECTRONIC FUNDS TRANSFER COORDINATOR | Occupations | Compiles and reconciles data involving electronic transfer of funds to maintain accounting records: Examines electronic funds transaction entries on documents, such as bank statements and printouts, for completeness and accuracy. Adds debits and credits, using adding machine or calculator, to ensure that figures balance. Identifies and corrects errors or calls customers, other bank personnel, or personnel from other financial institutions, such as correspondent banks, Automated Clearing House, or Federal Reserve Bank, to obtain information needed to reconcile differences. Posts transaction data to specified accounts, using ledger sheets or computer. May prepare checks to deposit funds in specified accounts. May transmit funds between specified accounts by wire [WIRES-TRANSFER CLERK (financial) 203.562-010]. (references) | |
| Electronic funds transfer system | Computing | Electronic funds transfer. Source: The Free On-line Dictionary of Computing.. | |
| Electronic Funds Transfer System | Electrical Engineering | Various electronic communications systems which transfer financial information from one point to another. Source: European Union. (references) | |
| Electronic funds transfer systems | Finance | Any system that moves funds from one institution to another, by means of electronic signals transmitted by wire, rather than the physical exchange of some other medium such as paper checks. (EFTS). (references) | |
Source: compiled by the editor from various references; see credits. | Top | ||
Topics by Level of Interest: ELECTRONIC FUNDS TRANSFER | ||||
| Topics sorted by level of Interest | Level (1=low, 600=high) | Topics sorted Alphabetically | Level (1=low, 600=high) | |
| Electronic Funds Transfer Act | 10 | Electronic Funds Transfer Act | 10 | |
Source: the editor, created by/for EVE to gauge likely levels of human interest in linguistically triggered topics (compiled across various sources, such as Wikipedia and specialty expression glosses). | ||||
