Electronic Funds Transfer System

(redirected from Electronic Transfer Fund)
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Electronic Funds Transfer System

Any computerized system that facilitates a transaction in which money, securities, or some other good changes hands. Examples of electronic funds transfer include receiving cash out of an ATM and placing an order to buy a stock over the telephone.
References in periodicals archive ?
Updates are included on deposit accounts, electronic transfer funds, rules for practice before the Board of Patent Appeals and Interferences, and patent fees.
He was a partner on a competitive engagement act for the President's National Commission on Electronic Transfer Funds System (NCEFT) and a member of the President's "Commission on Banking Productivity.

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