electronic transfer of funds


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electronic transfer of funds

n
(Banking & Finance) the transfer of money from one bank or building-society account to another by means of a computer link using the telephone network. Abbreviation: ETF
References in periodicals archive ?
At my firm, Efficient Advisors, we have updated our compliance policy: we will not accept electronic communication as the only form of communication for any electronic transfer of funds or third-party distributions.
A large percentage of computers in the country have been invaded by malware, the same intrusive software initially found to have allowed the illegal electronic transfer of funds in the Bangladesh case, IPC added.
The first decision made by the trustees was to seize all items, including the office stock and the bank accounts of the 12 companies, and to stop remittances and the electronic transfer of funds.
The envisaged service (~Solution~) will allow public authority users, who are members of the Consortium and future members, to access electronic payment services through a network of convenient outlets, providing efficient and reliable electronic transfer of funds to the accounts of the relevant Public Authority.
Although the ACH system itself is secure for the electronic transfer of funds, the transaction process is inherently risky due to the multiple entities involved.
Yapi Kredi Diversified Payments Rights Finance Company is a securitisation of future diversified payments receivables generated when a sender makes an electronic transfer of funds through Yapi ve Kredi Bankasi AS (Yapi) to a beneficiary other than Yapi.
The provisions of Chapter Seven related to Electronic Transfer of Funds (EFT) where it was stipulated that transfer of funds by electronic means shall be deemed as an acceptable method of payment.
And, the electronic transfer of funds has grown to the point where the company is moving not millions but billions of dollars around the country daily.

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