Electronic Funds Transfer
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Business Glossary 
Definitions for: Electronic Funds Transfer System (EFTS)
Electronic Funds Transfer System (EFTS)
any electronic transmission system that moves funds from one institution to another as opposed to the physical exchange of some other medium such as paper checks.
Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Industry Associations
Industry Associations
Electronic Funds Transfer Association
Financial institutions, credit card companies, ATM owners, networks and processors, hardware and software manufacturers and e-commerce companies dedicated to the advancement of electronic payment systems and commerce.
Members: 900
Founded: 1977
Dues: company, $20,000 annual; individual, $5,000 annual; government, $1,250 annual.
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