Electronic funds transfer (EFT)
Transfer of funds electronically rather than by check or cash. The Federal Reserve's Fedwire and automated clearninghouse services are EFT systems.
Nearby TermsElectronic data interchange (EDI) Electronic depository transfers Electronic funds transfer (EFT) Electronic Funds Transfer Systems Electronic Queriable Carrier
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University