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Electronic funds transfer
(redirected from Electronic fund transfer)

   Also found in: Encyclopedia, Wikipedia, Hutchinson 0.06 sec.
Electronic funds transfer (EFT)
Transfer of funds electronically rather than by check or cash. The Federal Reserve's Fedwire and automated clearninghouse services are EFT systems.


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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.
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.
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.
 
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