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electronic funds transfer
(redirected from Guide to E-payments)

    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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