Electronic Funds Transfer (EFT) is a system of transferring money from one bank It is used for both credit transfers, such as payroll payments, and for debit. 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. The term covers a number of different payment systems, for example. BluePay's BlueChex electronic funds transfer payment system attracts new customers and increases customer satisfaction. Start accepting EFT payments today.
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