Electronic Funds Transfer
Electronic funds transfer (EFT) is the electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems, without the direct intervention of bank staff. According to the United States Electronic Fund Transfer Act of 1978 it is "a funds transfer initiated through an electronic terminal, telephone, computer (including on-line banking) or magnetic tape for the purpose of ordering, instructing, or authorizing a financial institution to debit or credit a consumer's account".EFT transactions are known by a number of names across countries and different payment systems. For example, in …
WikipediaPublications
World Bank Group · 10 April 2024 English
the Budget Preparation module and the Electronic Funds Transfer interface, Public Disclosure Authorized …
Australian Local Government Association · 4 April 2024 English
Personnel, Assistant Minister for Canberra and as the first person in Nicki is also the Chief Economic Adviser Defence and Shadow Parliamentary her family to go to university, she is …
return If you do not consent to ALGA using Electronic Funds Transfer coaches will depart at 7:00pm. and disclosing …
NCAER: National Council of Applied Economic Research · 30 March 2024 English
The total outstanding credit of Scheduled Commercial Banks increased by 20.5 percent on a year-over-year basis in February 2024; credit growth remained strong for personal loans, services and agriculture and …
transactions remained flat (Figure 17). • The electronic funds transfer system, Immediate Payment Service (IMPS) …
SAIIA: South African Institute of International Affairs · 28 March 2024 English
This marks a new phase in the application of digital currency interoperability and application.20 Given the rise in the number of central banks exploring adoption of a digital currency, including …
firm Western Union debuted the first electronic funds transfer and showed that it was possible to pay …
USAID: United States Agency for International Development · 22 March 2024 English
cyber and emerging technologies, climate and clean energy transition, multilateral diplomacy, economic statecraft, and global health); increase staffing for bureaus that work on mission critical issues, such as the Bureau …
services include more than $17.5 billion in Electronic Funds Transfer (EFT) payments (U.S. dollar and foreign …
Australian Energy Market Operator · 21 March 2024 English
Billing Period means the period commencing at the start of the Gas Day starting on the first day of the month and ending at the end of the Gas Day …
(b) The Operator must ensure that an electronic funds transfer facility is made available to all Members …
Australian Energy Market Operator · 15 March 2024 English
Revocation of accreditation AEMO may revoke the accreditation of a controllable quantity by written notice to the relevant Market Participant specifying the effective date of the revocation, in the following …
auction procedures. (b) AEMO may make an electronic funds transfer facility available to auction participants … 12.00 PM AEST on business day D+10, by electronic funds transfer (EFT) in Australian dollars to the AEMO …
NCAER: National Council of Applied Economic Research · 28 February 2024 English
• The Union Government reduced the fiscal deficit target to 5.1 percent of nominal GDP for the FY2024-25 (BE) from 5.8 percent (of nominal GDP) as per the revised estimates …
transactions remained flat (Figure 14). • The electronic funds transfer system, Immediate Payment Service (IMPS) …
IMF: International Monetary Fund · 22 February 2024 English
To produce timely and accurate debt reports at the central government level, it is essential to have a sound legal, administrative, and operational framework in place for debt data compilation, …
unit; DMS = debt management system; EFT = electronic funds transfer; IFMIS = integrated financial management … order and sends it direct through an electronic funds transfer system to the central bank. However, …
