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1 definition found
 for Electronic Funds Transfer
From The Free On-line Dictionary of Computing (18 March 2015) :

  electronic funds transfer
  EFT
  EFTS
  electronic funds transfer system
  
      (EFT, EFTS, - system) Transfer
     of money initiated through electronic terminal, automated
     teller machine, computer, telephone, or magnetic tape.  In
     the late 1990s, this increasingly includes transfer initiated
     via the web.  The term also applies to credit
     card and automated bill payments.
  
     http://fms.treas.gov/eft/glossary.html)">Glossary (http://fms.treas.gov/eft/glossary.html).
  
     (1999-12-08)
  

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