Financial and business terms. 2012.
Electronic funds transfer — or EFT refers to the computer based systems used to perform financial transactions electronically.The term is used for a number of different concepts: * Cardholder initiated transactions, where a cardholder makes use of a payment card * Direct… … Wikipedia
electronic funds transfer — ( EFT) An electronically based rather than paper based system of transferring funds to and from accounts. Two main EFT remittance methods are wire transfers and automated clearing house ( ACH). American Banker Glossary ( EFT) Transfer of funds… … Financial and business terms
electronic funds transfer — electronic funds .transfer n [U and C] EFT when money is moved from one bank account, business etc to another using only computer systems … Dictionary of contemporary English
Electronic money — For electronic payments in conventional currencies, see Electronic funds transfer. Electronic money (also known as e currency, e money, electronic cash, electronic currency, digital money, digital cash, digital currency, cyber currency) is money… … Wikipedia
Electronic commerce — Part of a series on Electronic commerce Online goods and services Streaming media Electronic books … Wikipedia
electronic banking — banking transactions conducted through computerized systems, as electronic funds transfer by automated teller machines, intended to speed operations, reduce costs, etc. [1975 80] * * * Use of computers and telecommunications to enable banking… … Universalium
electronic banking — banking transactions conducted through computerized systems, as electronic funds transfer by automated teller machines, intended to speed operations, reduce costs, etc. [1975 80] … Useful english dictionary
Wire transfer — or credit transfer is a method of electronic funds transfer from one person or institution (entity) to another. A wire transfer can be made from one bank account to another bank account or through a transfer of cash at a cash office. Wire… … Wikipedia
Indian settlement systems — India has two main electronic funds settlement systems for one to one transactions: the real time gross settlement (RTGS) and the national electronic fund transfer (NEFT) systems. Transactions which are bulk and repetitive in nature are routed… … Wikipedia
Indian Settlement Systems — India has two funds settlement systems: the Real Time Gross Settlement systen (RTGS) and the National Electronic Fund Transfer system (NEFT).Real Time Gross SettlementThe Reserve Bank of India (India s Central Bank) maintains this payment network … Wikipedia
