Social Sciences, asked by zafishah20, 2 months ago

what is an electronic transfer

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Answered by Anonymous

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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.

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