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 ?
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.
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.
Summary: Former finance minister Pranab Mukherjee suggests making electronic transfer of funds up to Rs 1 lakh free of cost.
NEFT is an electronic transfer of funds system meant for retail customers, while RTGS system facilitates the high-value transfer of money with a threshold limit of INR200,000.
We want electronic 24/7 monitoring and we support electronic transfer of funds so the state gets their money on a daily basis," said Thevaos.
including such topics as import and export laws and regulations, electronic transfer of funds, e-commerce, environmental law, motor carrier law, and franchising.
Designed to allow drivers to use their debit cards at the island, Payquick quickly authorizes direct electronic transfer of funds through BP's own PayPoint communications system by calling banks and automatically withdrawing money.
Now there are indications organised crime has filtered in through some nations that ignore the electronic transfer of funds, he said.
Any individual (regardless of title) who has or shares ultimate responsibility for managing the organization's financial assets and has or shares authority to sign drafts, direct the signing of drafts, or authorize electronic transfer of funds from organization bank accounts.
By using check debits or demand drafts, telemarketers also can arrange for the direct electronic transfer of funds from a victim's bank account.

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