Eft Transfer. Eft payments are commonly used by businesses to pay vendors and employees while consumers will often use electronic transfers to make purchases online. We were the first to process an electronic funds transfer donation for a non profit organization in the united states back in 1979.
Let us get your money moving. Automated teller machine atm transfers. 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.
Electronic funds transfer eft is the process by which payments are electronically imported into a file and uploaded to the firms online banking system.
Automated teller machine atm transfers. Direct debit payments for which a business debits the consumers bank accounts for payment for goods or services. Automated teller machine atm transfers. However the term eft doesnt refer to a specific type of payment.