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Electronic Funds Transfer

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ALSO CALLED: ACH, EFT, 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 any transfer of funds initiated through an electronic terminal, including credit card, ATM, Fedwire  … 

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Electronic Funds Transfer White Papers (View All Report Types)
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Parsing a SWIFT Message
sponsored by IONA Technologies
WHITE PAPER: This white paper will take you through a real life example of how to parse, validate and test a 5-part SWIFT message. Discover a tool that can speed up this lengthy process with source code that parses, validates and provides full APIs.
Posted: 03 Oct 2007 | Published: 01 May 2007

IONA Technologies
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