electronic funds transfer


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Related to electronic funds transfer: Electronic Data Interchange

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.
References in periodicals archive ?
Agents who have used electronic funds transfer have become advocates.
Billing stuffers and other marketing promotion tools have prompted policyholders to enroll in electronic funds transfer, and customer service representative incentive and training programs have proven effective as well.
The Electronic Funds Transfer Association and its EBT Industry Council regret the passing of NACHA'S Electronic Benefits and Services Council.
Fiserv EFT currently processes approximately 5 billion ATM and debit transactions annually and operates more than 17,000 ATMs, making it one of the largest electronic funds transfer (EFT) processors in the nation.
Fiserv EFT currently processes approximately 410 million ATM and debit transactions per month, making it one of the largest electronic funds transfer (EFT) processors in the nation.
Eracom is a global leader providing cryptographic and transaction security solutions that protect credit cards, Electronic Funds Transfer (EFT) and ATM transactions for financial institutions, governments and telecommunications providers.
The EBT Industry Council is a professional association affiliated with the Electronic Funds Transfer Association.
The Electronic Funds Transfer Association is a 28-year-old professional association of organizations dedicated to the advancement of electronic payment systems and commerce.
The Electronic Funds Transfer Association (EFTA), a leading trade group for the electronic payments industry, is providing management services to assist in the launch and ongoing operation of the Branded Prepaid Card Association.
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