electronic funds transfer

(redirected from E-payments)
Also found in: Financial, Encyclopedia.

e·lec·tron·ic funds trans·fer

(EFT) (ĕ-lek-tron'ik fŭndz trans'fĕr)
The automatic deposit of funds from one account to another account; often used in third-party reimbursement to health care providers.
Synonym(s): automated deposit.
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References in periodicals archive ?
The Guidelines also set out the responsibilities of e-payments users, including good security practices they should adopt to protect their passwords and e-payment accounts.
The central bank of Egypt has said that it has released a set of rules concerning e-payments using QR codes.
Apps like Paytm and Pay My Bill should be introduced for specified periods to promote e-payments.
Provincial government in collaboration with a private company A2Z E-payments had established an integrated electronic payment facility in Peshawar and other provinces in order to improve the performance of government departments and facilitate citizens.
The report showed that the Kuwaiti e-payments marker increased to $1.
In the rankings, the US ranked first overall in e-payments readiness, a result which will surprise many, with Singapore coming second, followed by New Zealand, Australia, and Canada in fifth place.
e-Day will help Ireland continue its progression towards e-payments and create a safer and less expensive payments environment.
If billers included only their electronic remittance information on invoices, and not their address, the use of e-payments would probably be a lot higher, he said.
While it supported this project and welcomed the principle of developing standards for electronic payments, the EU executive feared that this would lead to the exclusion of new arrivals on the market, and providers of payment services not linked to banks, particularly via the e-payments framework.
Security solutions developer Avira will be using GlobalCollect to process and reconcile international e-payments, the payment solutions provider said on Tuesday.
For e-payments systems to truly gain traction, however, the benefits must extend beyond those making the investment.
Summary: Governments and businesses in the MENA region are increasingly turning to e-payments to better manage their working capital.