Electronic Funds Transfer Systems

Electronic Funds Transfer Systems

A variety of systems and technologies for transferring funds (money) electronically rather than by check. Includes Fedwire, automated clearringhouses (ACHs) and other automated systems.
References in periodicals archive ?
The FTC also enforces the Electronic Funds Transfer Act, which establishes the rights, liabilities and responsibilities of participants in electronic funds transfer systems.
The agency has already announced that applications for this algorithm will include electronic funds transfer systems, software distribution, data storage and electronic data interchange functions requiring signatures, such as contracts and purchase orders.
Wright also covers similarities in legal concerns between EDI and electronic funds transfer systems, record keeping laws and their relevance to EDI, and potential EDI antitrust implications.
asp, and a pioneer in the use of magnetic strips on bankcards, electronic funds transfer systems, and PC-based in-bank systems.
I am pleased to appear today to discuss with you issues related to the security of large-dollar value electronic funds transfer systems and the influence of technology on the future development of these systems.
The company's CEO, Jack Chang, is the co-inventor of the ATM machine and a pioneer in the use of magnetic strips on bankcards, electronic funds transfer systems, and PC-based in-bank systems.
Experian's 'e-Verify' services offer us the best option for augmenting BankServ's already successful eCheck product," added Kvederis, a pioneer in the development of electronic funds transfer systems.
His expertise is in business process re-engineering, item processing, performance improvement, application system design and electronic funds transfer systems (cash management).
This high-end Y2K-compliant system features MICR encoding, plain paper laser drawn forms and direct integration to both the Federal and State Electronic Funds Transfer systems, which reduces the chance of error and eliminates the need to re-enter the data into the telephone.
Benton International's start in developing electronic funds transfer systems has evolved into broad expertise in alternate channel strategy and implementation, including such elements of electronic commerce as smart cards, credit/debit cards and related networking infrastructures.

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