definition of electronic payment systemsKevin Mills
1.worked or produced by devices built or made according to the principles of electronics.an electronic calculator.electrónico 2.concerned or working with such machines.an electronic engineer.electrónico ˌelectronic ˈmailnoun (alsoe-mail, ~email) the system of sending messages by computer; the...
EFT stands for electronic funds transfer. It is an electronic payment system that enables individuals or businesses to transfer funds from one bank account to another. EFT payments are secure and more efficient than traditional payment methods such as cash or checks. What is the difference between...
An electronic payment system is a way of making transactions or paying for goods and services electronically without using cash or checks. These transactions are made through an electronic funds transfer, where an electronic system is used to transfer funds from one bank to another without the use...
Cash Payment System means a payment system that generates any transfer of funds through a transaction originated by cash, check, or similar paper instrument. This includes electronic payments to a financial institution or clearing house that subsequently issues cash, check, or similar paper instrument...
The meaning of MAIL is material (such as letters and packages) sent or carried in a postal system; also : similar material distributed within an organization. How to use mail in a sentence.
The meaning of TRANSFER is to convey from one person, place, or situation to another : move, shift. How to use transfer in a sentence.
of the Federal Reserve Act in 1913 (found in scattered sections of 12 U.S.C.A.), creating the Federal Reserve Bank System. Even as the banks sometimes suffered, there were stories of economic gain and wealth made through their operation. Industrial enterprises were sweeping the country, and...
Consumer Protection Act, has the authority to regulate and enforce consumer protection laws related to financial products and services. This may include aspects of the payment system that impact consumers. This may also include regulations governing payment cards, remittances, and electronic fund ...
What Is Electronic Benefits Transfer (EBT)? Electronic benefits transfer (EBT) is a system that allows recipients of government assistance to pay using their benefits. It is the benefit delivery system for the federalSupplemental Nutrition Assistance Program(SNAP), also known as food stamps. State ...