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, through computer-based systems and without the direct intervention of bank staff. EFTs are known by a number of names. In the United States, they may be referred to as electronic checks or e-checks.
The term covers a number of different payment systems, for example:
It principally engaged in distributing EFT-POS terminal and peripheral device business serving as one of authorized distributors for major global brands of EFT-POS terminal in Taiwan... Its EFT-POS ...
This solution successfully integrates the card into their payment system to allow for seamless connectivity to various EFT-POS terminals, enabling its use in overseas markets ... Its EFT-POS terminal ...
