electronic funds transfer

(redirected from automated deposit)
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 ?
With the rapid adoption of automated deposit, what additional features are coming for these devices?
NCR demonstrated to us clear leadership in ATM innovation, especially automated deposit.
Located in the bank s branch in Oldenburg, Germany, the ATM provides automated deposit and withdrawal for bank customers, with entirely new appearance and better user experience.
NASDAQ: EEFT), a leading payments provider in Europe, announces the deployment of the first Independent and Shared Automated Deposit Terminal (ADT) Networks in Europe.
financial institutions are gravitating toward SDM, which simplifies the automated deposit (or "no-envelope deposit") process by helping consumers complete the deposit portion of a transaction in half the time of other ATMs.
NCR Corporation leads the world in automated deposit ATM installationsoutside of Japan and South Korea, according to research from London-based Retail Banking Research (RBR).
NES Financial's EB-5 Administration Solution brings Regional Centers an approach that provides for rapid system implementation of easy, automated deposit administration solutions.
The NES Financial EB-5 Administration Solution brings Regional Centers a unique approach providing rapid system implementation of easy, automated deposit administration solutions.
Sheshunoff Consulting + Solutions conceptualized InstantAdvance as a conservative, best practice tool to enable financial institutions to meet their customers' emergency cash needs through automated deposit advance services.
Expanded Investment functionality: flexibility with multiple investment options and models, as well as automated deposit to investment sweeps.
Bank officials said they especially look forward to deploying ITI's consumer and business Internet banking products, Premierecom and Premierecorp, as well as Premier Merchant Capture, an automated deposit solution, and the Premier Viewpoint business intelligence product.
In this light, its success is impressive and is evidence of the relative strength of its automated deposit applications," said Alenka Grealish, manager of the banking group, Celent, LLC.

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