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 ?
This alliance provides key funding to DCTI and provides them with the capability to extend their state-of-the art e-payments systems to enter new vertical markets.
Bandwidth and cost issues - "For many companies, the thought of having to implement new accounts receivable systems to accept e-payments was daunting.
Wave Crest is a global e-payments company that turns payments into a powerful tool to drive company growth.
For governments, e-payments expand the range of payment options available within a country, which often stimulates local consumption and eases the flow of capital by catering to a larger portion of the population.
The case for e-paymentsFor governments, e-payments expand the range of payment options available within a country, which often stimulates local consumption and eases the flow of capital by catering to a larger portion of the population.
The EIU defines e-payments in the study as the exchange or transfer of funds over an electronic platform.
The deal between the two companies was finalised after regulators asked the insurance provider to use e-payments to pay policyholders.
launches E-Payments Solution Market in India 2011 report covering a market which is growing rapidly.
According to K-Electric s (KE) press statement, the company has signed a Memorandum of Understanding with National Database and Registration Authority (NADRA) after which the two will work together on key initiatives such as New Connection e-Payments, paying domestic and international bills and e-payments through CNIC/Smart Card amongst other Value Added initiatives.
Global Banking News-3 September 2010-Emirates NBD to offer e-payments in Saudi Arabia(C)2010 ENPublishing - http://www.
Online e-payments via telephone billing systems were launched in the 1980s, and at the same time smartcards were trialled for micropayments.
Tenders are invited for Development Services and Integrated Implementation and Training for the Project: Implementation of the Integrated Systems Tulcea County E-Tax, E-Payments and E-Government and to Ensure Broadband Connections