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electronic funds transfer
(redirected from Electronic fund transfer)

    Also found in: Financial, Wikipedia, Hutchinson 0.02 sec.

electronic funds transfer

See EFT.

(application, communications)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.


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The Federal Reserve Board published on August 19, 2005, proposed amendments to Regulation E (Electronic Fund Transfers), which implements the Electronic Fund Transfer Act, and to the regulation's official staff commentary that clarify the disclosure obligations of automated teller machine (ATM) operators with respect to fees imposed on a consumer for initiating an electronic fund transfer or a balance inquiry at an ATM.
Proposed amendments to Regulation E by Federal Reserve Bulletin
computer crime, copyright, e-governance, electronic fund transfer, privacy, insurance, IP rights, international law, national security, national information infrastructure, patents, technology policy, and telecommunications law and policy.
Inderscience to launch "Int'l J. of Information Policy & Law" by Business Publisher
WebSentry e-commerce solution provides the necessary infrastructure to accommodate the widest range of throughput requirements of merchants, acquirer banks and electronic fund transfer (EFT) network processors in SSL or SET enviromnents.
WebSentry PCI by Software World
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