ALL meanings of electronic funds transfer system
- abbreviation Technical meaning of ELECTRONIC FUNDS TRANSFER SYSTEM electronic funds transfer 3
- noun Definition of electronic funds transfer system in Technology (application, communications) (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 web. The term also applies to credit card and automated bill payments. 1
- noun electronic funds transfer system a system which allows funds to be transferred using electronic banking 0
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