electronic funds transfer system


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electronic funds transfer system

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Billee is a clouded B2B Electronic Funds Transfer system that enables ePayments for businesses' accounts payables.
The present National Electronic Funds Transfer system operates between 9 am and 5 pm on weekdays, and for half- a- day on Saturdays, which mars the convenience factor.
Wholesale payments, which have been growing rapidly in recent years, move over two systems: the Fedwire electronic funds transfer system operated by the Federal Reserve and the Clearing House Interbank Payments System (CHIPS) operated by the New York Clearing House.
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