Question

VVV
3
QUESTIONS
pose Correct Alternatives:
Used by banking industry to exchange account informatio
over secured networks are
(Nov. 17)
(i) Electronic Fund Transfer (ii) Electronic data transfer
(iii) Electronic material transfer (iv) Electronic labour transfer​

Answer 1

Answer:

Electronic Funds Transfer (EFT) is a system of transferring money from one bank account directly to another without any paper money changing hands. ... However, EFT refers to any transfer of funds initiated through an electronic terminal, including credit card, ATM, Fedwire and point-of-sale (POS) transactions.

Explanation:

Answer 2

Answer:

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