Question

history of electronic fund transfer

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Answer 1

cDirect deposit lets you electronically pay employees. ...

Wire transfers are a fast way to send money. ...

ATMs let you bank without going inside a bank and talking to a teller. ...

Debit cards allow you to make EFT transactions. ...

Electronic checks are similar to paper checks, but used electronically. .....

Answer 2

$\bf\huge\underline\red{Answer}$Electronic payments have their roots in the 1870s, when Western Union debuted the electronic fund transfer (EFT) in 1871. Since then, people have been enamored with the idea of sending money to pay for goods and services without necessarily having to be physically present at the point-of-sale.$<marquee>★ItzDeepakshi★</marquee>$