Enterprise glossary and term center
Research and understand all the intricate terms and definitions that surround the ecosystem of enterprise resource planning (ERP), enterprise software and no-code tools.
- Enterprise terms
- Electronic Fund Transfer
- Is electronic fund transfer safe?
Electronic Fund Transfer - Is electronic fund transfer safe?
All in all, EFT transactions are far safer than writing paper checks. When you pay by check, you make it possible for anyone who happens to see your check to obtain your bank account and routing numbers. Often, paper checks pass through many hands on their way to the bank.