Home > Terms > English, UK (UE) > Electronic funds transfer (EFT)

Electronic funds transfer (EFT)

The use of telecommunications systems and debit and credit cards to move funds. Paperless system used with credit and debit cards.

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  • Part of Speech: noun
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  • Blossary:
  • Industry/Domain: Retail
  • Category: Supermarkets
  • Company: FMI
  • Product:
  • Acronym-Abbreviation:
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