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an originating institution uses an automated clearinghouse to collect payments from or make payments to consumers and corporate entities
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∙ 13y ago
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What does the term EFTs stand for?
EFT stands for Electronic Fund Transfer.Electronic funds transfer or EFT refers to the computer-based systems used to perform financial transactions electronically.
Over the last 20 years what has made economic transactions more convenient?
Electronic Funds Transfer (EFT)
Why do you say Commercial law as the nucleus of business transactions?
commercial law as nucleus of business transactions
What are consumer EFT transactions?
encompass all retail banking services, such as deposits, withdrawals, and queries. These retail transactions are facilitated by point-of-sale systems and automated teller machines, or ATMs
What are networks and commercial transactions?
network and commercial transaction
In ecommerce explain the model of the commercial transactions?
Model for commercial transaction
How are business transactions regulated?
Business transactions, including credit transactions, are regulated by the Uniform Commercial Code (UCC). The UCC is a standardized commercial law effective in most U.S. jurisdictions whose goal is to simplify interactions between businesses
What is a commercial guaranty?
A commercial guaranty is an agreement that is made to pay someone else's debt. Commercial guaranties must be in writing and are typically found in commercial loan transactions.
What is the full form of EFT?
electronic funds transfer (EFT)
What is EFT monitor?
An EFT server is software that is used in the electrical engineering field. EFT is an acronym for enhanced file transfer.
How did the Inca Civilisation record commercial transactions?
Inca did not have writing, they store they knowledage and surely their commercial transactions on a system called "Quipus" "Quipus" are a set of tied cords put together in a way they serve to record a message
What is the name of a juvenile newt?
Juvenile of Newt is called an Eft
