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
- What is electronic fund transfer with example?
Electronic Fund Transfer - What is electronic fund transfer with example?
Electronic funds transfer (EFT) refers to an electronic financial transaction. ... Examples of common electronic funds transfer transactions include the following: Automatic teller machines (ATM) Direct deposit payroll systems. Direct payments between buyer-seller businesses.