<application, communications> (EFT, EFTS, - system) Transfer
of money initiated through electronic terminal, automated
teller machine, computer, telephone, or magnetic tape. In
the late 1990s, this increasingly includes transfer initiated
via the World-Wide Web. The term also applies to credit
card and automated bill payments.
Glossary.
(1999-12-08)
Nearby terms:
Electronic Data Processing « Electronic Design Automation « Electronic Frontier Foundation « electronic funds transfer » Electronic Funds Transfer Point of Sale » electronic funds transfer system » electronic magazine
