What do you mean by electronic funds transfer, Computer Engineering

Assignment Help:

What do you mean by Electronic Funds Transfer?

Electronic Funds Transfer:

It’s an electronic payment method which transfers the money value through one bank account to other in similar or different bank.

Today we can also employ Internet Based Electronic Funds Transfer (EFT) that means that the connection between the cyber banks and security protection throughout the transmission is shall.

EFT has been within use from the 1970’s by automated clearinghouses (ACHs)


Related Discussions:- What do you mean by electronic funds transfer

Static or dynamic - artificial intelligence, Static or Dynamic - artificial...

Static or Dynamic - artificial intelligence An environment is static if it doesn't change while an agent's program is making the decision about how to act. When programming ag

What is canonical and standard forms, Q.What is Canonical and Standard Form...

Q.What is Canonical and Standard Forms? An algebraic expression can express in two forms: i) Sum of Products   (SOP) for example (A . B¯) + (A¯ . B¯)            ii) Produ

What is monkey testing, What is Monkey testing? The monkey testing is ...

What is Monkey testing? The monkey testing is the process of testing here and there for judging the application trying to observe the accessing dissimilar functionalities is i

Adding momentum - sigmoid units, Adding Momentum - Sigmoid units: Howe...

Adding Momentum - Sigmoid units: However imagine a ball rolling down a hill as it does so then it gains momentum in which its speed increases and it becomes more difficult to

Microprocessors and motherboards, Module Learning Outcomes for This Assignm...

Module Learning Outcomes for This Assignment 1. Design and minimize a digital electronic circuit using logic devices from ttl and cmos. 2. Explain the hardware design of

Explain about data registers, Q. Explain about data registers? The data...

Q. Explain about data registers? The data registers are used just for storing intermediate results or data and not for operand address calculation. Some dedicated address re

Implement the concept of true and radix minus one complement, Q. Develop a...

Q. Develop a program to implement the concept of true and radix minus one complement. Program should ask for radix and two numbers from that radix. For that two numbers program

Differences between OSI and TCP/IP reference models, What are the main diff...

What are the main differences between OSI and TCP/ IP reference models? Explain briefly. We will be considering only on the key differences among the two references models. Th

How ORG statement processed in two-pass assembly scheme, Can the operand ex...

Can the operand expression in an ORG statement contains forward references? If so, outline how the statement can be processed in a two-pass assembly scheme. ORG that is origin

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd