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Electronic Funds Transfer
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ALSO CALLED: ACH, EFT, and Automated Clearing House
DEFINITION: Electronic Funds Transfer (EFT) is a system of transferring money from one bank account directly to another without any paper money changing hands. One of the most widely-used EFT programs is Direct Deposit, in which payroll is deposited straight into an employee's bank account, although EFT refers to
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ERP in the Clouds: Business Integration that works
| sponsored by Workday
WEBCAST:
You're invited to join Workday VP of Integration Annrai O'Toole as he reveals the company's vision for making integration a seamless function of core HR and financial systems.
Posted: 10 Jun 2008 | Premiered: Available On Demand
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Taking Your Payroll Data from the Basement to the Board Room
| sponsored by Infor
WEBCAST:
View this Webcast to explore the evolution of payroll and workforce data and their value to your enterprise. Discover how enterprises today are using payroll data to improve profits, grow business and become employers of choice.
Posted: 19 Mar 2008 | Premiered: Available On Demand
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Proving the Business Case for Business Intelligence
| sponsored by Business Objects
PODCAST:
Listen to this Podcast to learn about the components to consider when it comes to the business value justification of BI.
Posted: 05 Feb 2008 | Premiered: 13 Feb 2008, 14:00 EST (19:00 GMT)
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ELECTRONIC FUNDS TRANSFER DEFINITION (continued): … any transfer of funds initiated through an electronic terminal, including credit card, ATM, Fedwire and point-of-sale (POS) transactions. It is used for both credit transfers, such as payroll payments, and for debit transfers, such as mortgage payments. Transactions are processed by the bank through the Automated Clearing House (ACH) network, the secure transfer system that connects all U.S. financial institutions. For payments, funds are transferred electronically from one bank account to the …
Electronic Funds Transfer definition sponsored by SearchWinIT.com, powered by WhatIs.com an online computer dictionary
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