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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 Reports
1 Match
Workplace Forms & IBM DB2 Content Manager Demo
sponsored by IBM Software Group
PRESENTATION: See how a bank completes an online wire transfer using the document management strengths of IBM DB2 Content Manager and the electronic forms capability of IBM Workplace Forms.
Posted: 20 Jun 2007 | Published: 01 Jun 2007

IBM Software Group
1 Match

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