Search in: Word
Vietnamese keyboard: Off
Virtual keyboard: Show
Computing (FOLDOC) dictionary
electronic funds transfer
Jump to user comments
application, communications (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 World-Wide Web. The term also applies to credit
card and automated bill payments.