BNET Business Dictionary
Business Definition for: Electronic Funds Transfer
- a payment system that processes financial transactions between two or more parties or institutions.
- Abbr. EFT
Additional Resources
- Electronic Funds Transfer Association Announces Industry's First Compendium on the Next Generation of Electronic Benefits Transfer
- HERNDON, Va.--BUSINESS WIRE--Sept. 8, 1999-- EFTA's EBT Industry Council will debut the only comprehensive collection of material focused on the next generation of EBT at its November conference Filling a need for the electronic payments industry, the EBT Industry Council of the Electronic Funds Transfer Association...
- Research articles 1999-09-08
- The Federal Reserve Bank of Philadelphia and the Electronic Funds Transfer Association Sponsor Risk Management Conference: Changes in Consumer Purchasing Places Premium on Managing Risk Associated with Electronic Payments
- FAIRFAX, Va. -- The Payment Cards Center of the Federal Reserve Bank of Philadelphia and the Electronic Funds Transfer Association EFTA hosted a senior-level conference focusing on risk management in electronic payment systems. The conference "Risky Business: Managing Electronic Payments in the 21st Century" was held June 20-21 at...
- Research articles 2005-07-15
- CGI and Laurentian Bank of Canada Sign Electronic Funds Transfer Services Agreement
- MONTREAL--BUSINESS WIRE--July 30, 1998--CGI Group Inc. (TSE:GIB.A.) (ME:GIB.A.) and the Laurentian Bank of Canada today announced an agreement based on which CGI will provide electronic commerce and electronic funds transfer services to the Laurentian Bank, including support for debit card shared cash dispensing and point-of-sale direct payment. The agreement also...
- Research articles 1998-07-30
- Electronic Funds Transfer Association Announces New Slate of Officers
- FAIRFAX, Va. -- The Board of Directors of the Electronic Funds Transfer Association, a leading trade organization in the electronic payments industry, today announced its new executive officers for 2007.
- Research articles 2006-09-28
- Frank D'Angelo of Metavante Corp. Elected Chairman of the Electronic Funds Transfer Association
- FAIRFAX, Va. -- The Electronic Funds Transfer Association, an inter-industry trade association dedicated to the advancement of electronic payment systems and commerce, has elected Frank D'Angelo as its chairman.
- Research articles 2004-11-04
- 'Leveraging the Existing Infrastructure' the Theme of Electronic Funds Transfer Association Fall Meeting
- HERNDON, Va.--BUSINESS WIRE--Sept. 3, 1999-- The Electronic Funds Transfer Association, the nation's leading electronic payments and commerce trade association, will focus on the updating of existing technology for modern payment solutions at its upcoming semi-annual meeting. "Leveraging the Existing Infrastructure" will take a hard look at how mature...
- Research articles 1999-09-03
- Advanta Corp.'s Alex Hart receives lifetime achievement award from the Electronic Funds Transfer Association
- HERNDON, Va.--BUSINESS WIRE--June 17, 1997--Alex W. "Pete" Hart, chief executive officer of Advanta Corp., has been selected by the Electronic Funds Transfer Association as the 1997 recipient of the Robert A. Mooney Distinguished Service Award.
- Research articles 1997-06-17
- Tillsmith Systems Inc. Selects the Series 500 Integrated Wireless Modems From Motorola for its Electronic Funds Transfer Equipment
- ETOBICOKE, Ontario--BUSINESS WIRE--Oct. 28, 1997--Tillsmith Systems Inc., a subsidiary of Keycorp Ltd., ACN 002 519 986, and a leading Canadian designer and manufacturer of electronic funds transfer point of sale EFTPOS equipment, announced today that it will integrate the Motorola 505sd Wireless Modem into its ARDIS COMPak.
- Research articles 1997-10-28
- Unicomp announces agreement with IBM in licensing base Electronic Funds Transfer software
- MARIETTA, Ga.--BUSINESS WIRE--June 5, 1996--UNICOMP, INC. (NASDAQ: UCMP) today announced that its subsidiary, Smoky Mountain Technologies, Inc. SMT and IBM have signed an agreement for SMT to license IBM's base Electronic Funds Transfer software EFT for General Sales Application GSA Retail and Supermarket Application. SMT will be adding its Credit...
- Research articles 1996-06-05
- Corporate Profile for Electronic Funds Transfer Association, dated May 30, 1997
- --BUSINESS WIRE--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-Published Date: May 30, 1997 Company...
- Research articles 1997-05-30
- Two firms join forces to penetrate market for EFT banking services. (Sequoia Systems, Integrated Financial Systems; electronic funds transfer systems)
- Sequoia Systems and IFS Integrated Financial Systems International are embarking on a joint venture to penetrate the mainly proprietary world of electronic funds transfer. The companies say their new open systems solution will address critical on-line requirements for the automated banking industry. Under...
- Research articles 1992-04-06
- ADVISORY/National Conference on the Future of Electronic Benefits Transfer Systems Set for Nov. 8-10 in Washington D.C
- --BUSINESS WIRE-- -0-WHO: The EBT Industry Council of the Electronic Funds Transfer Association WHAT: The Electronic Funds Transfer Association and its EBT Industry Council is sponsoring "EBT--The Next Generation," a national conference to examine...
- Research articles 1998-10-28
- REMINDER/National Conference on the Future of Electronic Benefits Transfer Systems Set for Nov. 8-10 in Washington D.C
- --BUSINESS WIRE-- -0-WHO: The EBT Industry Council of the Electronic Funds Transfer Association WHAT: The Electronic Funds Transfer Association and its EBT Industry Council is sponsoring "EBT--The Next Generation," a national conference to examine...
- Research articles 1998-11-09
- Electronic Funds Transfer Association and the Federal Reserve Bank of Philadelphia Will Co-Host Electronic Benefits Transfer Conference
- HERNDON, Va. and PHILADELPHIA -- Two-Day Event Will Assess the Impact of Electronic Benefits Transfer EBT on America's Communities and the U.S. Payment System
- Research articles 2004-09-01
- The Industry Involved in the Online Transfer of Electronic Funds Is as Strong as Ever and a New Provider Is Emerging, Ready to Take on New Markets
- Since 2002, CheckFree has seen nothing short of solid upward momentum, rising from a share value under $10 to recent highs over $42. This is due to CheckFree (NASDAQ: CKFR) and similar online electronic funds transfer companies gaining recognition for their convenience, efficiency, security measures, time-saving abilities and cost effectiveness....
- Research articles 2005-09-30
- DirectAdvice, Incorporated and CashEdge Sign Agreement to Jointly Market Financial Planning and Advice Integrated With Aggregation and Electronic Funds Transfer
- Business Editors HARTFORD, Conn.--BUSINESS WIRE--April 5, 2001 DirectAdvice, Incorporated, a developer of fully customizable, hosted financial planning and advice solutions for financial service companies worldwide, has announced a joint marketing agreement with CashEdge, a leading provider of funds transfer and account aggregation technology to banks, financial institutions, and...
- Research articles 2001-04-05
- Saratoga Electronic Solutions Inc. and Union Bank of the Philippines to Team up to Offer a Low-Cost International Electronic Funds Transfer Solution
- Saratoga Electronic Solutions Inc.(TSX VENTURE: SAR) ("Saratoga") announces the signature of a memorandum of understanding with the Union Bank of the Philippines ("UnionBank") for the purpose of setting up a Strategic Alliance Office to undertake, manage, operate and promote the business of offering card-based money remittance services to overseas Filipino...
- Research articles 2006-11-08
- Fundtech and Sterling Commerce Partner to Sell Internet E-Banking and Funds Transfer Software
- JERSEY CITY, N.J.--BUSINESS WIRE--April 14, 1999-- Partnership Strengthens Both Companies' Market Presence and Sales Opportunities Fundtech Ltd (Nasdaq:FNDTF) today announced an agreement with Sterling Commerce (NYSE:SE), a leading provider of business-to-business electronic commerce software and services. The joint agreement calls for the two...
- Research articles 1999-04-14
- CashEdge Uses eConvergent's eCRM Solution to Support First Internet-based Funds Transfer Service
- Business Editors/Technology Writers PLEASANTON, Calif.--BUSINESS WIRE--Feb. 20, 2001 Complete, Integrated eCRM Solution Supports the Need for New Revenue and Service Model eConvergent, the world's leading Business Solution Provider BSP for electronic Customer Relationship Management eCRM, today announced that CashEdge, Inc. launched its customer care operations to...
- Research articles 2001-02-20
- Get paid on time, every time.(Related session at Credit Congress: Credit Card Processing (14072))(electronic funds transfer)
- Smart money management is essential to the success of any business. Today, there are a myriad of services--often available from just one vendor, that can help you manage your company's receivables. Electronic Fund Transfers, Credit Card Acceptance, Online Bill Pay, Check Guarantee and Electronic Check Conversion...
- Research articles 2006-02-01
