{"id":23687,"date":"2013-05-14T12:01:43","date_gmt":"2013-05-14T06:31:43","guid":{"rendered":"http:\/\/vskills.in\/certification\/tutorial\/?p=23687"},"modified":"2024-04-12T14:17:25","modified_gmt":"2024-04-12T08:47:25","slug":"electronic-funds-transfer-eft","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/electronic-funds-transfer-eft\/","title":{"rendered":"Electronic Funds Transfer (EFT)"},"content":{"rendered":"

Certify and Increase Opportunity.<\/span>
\nBe <\/span>
\nGovt. Certified E-Commerce Professional
\n<\/span><\/a><\/p>\n

Electronic Funds Transfer (EFT)<\/p>\n

The Electronic Fund Transfer Act (EFTA) (15 USC 1693 et seq.) of 1978 is intended to protect
\nindividual consumers engaging in electronic fund transfers (EFTs). EFT services include transfers
\nthrough automated teller machines, point-of-sale terminals, automated clearinghouse systems,
\ntelephone bill-payment plans in which periodic or recurring transfers are contemplated, and remote
\nbanking programs. The Federal Reserve Board (Board) implements EFTA through Regulation E,
\nwhich includes an official staff commentary<\/p>\n

What are the two basic types of Electronic Funds Transfer (EFT) transactions?<\/p>\n

EFT is a generic term for which there are two basic EFT transaction types:<\/span><\/strong><\/p>\n

    \n
  1. \n
      \n
    1. Wire transfers<\/span><\/li>\n
    2. Automated Clearing House (ACH) transactions<\/span><\/li>\n<\/ol>\n<\/li>\n<\/ol>\n
      \n

      Apply for E-commerce Certification Now!!<\/h3>\n

      https:\/\/www.vskills.in\/certification\/web-development\/certificate-in-e-commerce<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

      Certify and Increase Opportunity. Be Govt. Certified E-Commerce Professional Electronic Funds Transfer (EFT) The Electronic Fund Transfer Act (EFTA) (15 USC 1693 et seq.) of 1978 is intended to protect individual consumers engaging in electronic fund transfers (EFTs). EFT services include transfers through automated teller machines, point-of-sale terminals, automated clearinghouse systems, telephone bill-payment plans in…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[3355],"tags":[4945,4328],"class_list":["post-23687","page","type-page","status-publish","hentry","category-e-commerce-2","tag-automated-clearing-house-ach-transactions","tag-wire-transfers"],"acf":[],"yoast_head":"\nElectronic Funds Transfer (EFT) - Tutorial<\/title>\n<meta name=\"description\" content=\"Electronic Funds Transfer (EFT). Govt of India Certification for e-commerce. 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