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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.

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 ?
She said: "I was ill for a week with suspected salmonella poisoning, which I now know you can catch from just touching a newt.
Youngsters are being encouraged to get out of their cars and help the specialists scour the road ahead for newts.
In Britain, the habitat of the Great Crested Newt has diminished due to land development pressure from population growth.
When teased or attacked by a predator, the newt secretes a poisonous milky substance onto the body surface.
The newts on that site will be moved to a new, purpose-built habitat in Rhuddlan.
Newt Gingrich doesn't always leave the other woman at home.
Democrats charged that the investigations and budget pressure on the agency were retaliation for high-profile ethics investigations of Republicans, including Newt Gingrich, Bud Shuster, Republican of Pennsylvania, and Tom DeLay, Republican of Texas, as well as Gingrich's political action committee, GOPAC, and the Christian Coalition.
Not that Newt cooperated--Candace spent months unsuccessfully attempting to "interview" her brother for the book.
The company has seen an average of over 750 new, unique blended threats per day blocked by its NEWT (Neutralize E-mail and Web Threats) filters starting in the last week of November, up substantially from the prior period.
THE smooth newt is Britain's most common and thrives on a diet of worms, slugs, flies and frog-spawn.
Supporters of the 10 Villages Conservation Group have been out in force helping create a haven for the Great Crested Newt along the Kirklees Light Railway.
Folk arriving at the beer garden and pub at National Trust's Gibside estate, near Rowlands Gill in Gateshead, are being escorted by a newt patrol on their drive into the grounds.