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EDI
EFT
It stands for Electronic Data Interchange
it stands for Electronic Funds Transfer
It is referred to as without involving the
physical movement of paper instruments.
it enables account to paperless trading.
account funds transfer
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∙ 11y ago
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What type of informaiton system is an EDI or EFT?
E-Commerce
What type of information system is an EDI or EFT?
e- commerce information system
What is the difference between EFT and ACH?
There is no difference, they're interchangable and both simply stand for the process of electronically automating a scheduled direct deposit, payment, or transfer of funds.
What is the difference between Paper based Business EDI Business?
In paper based system the user is automatically notified non electronic when he places a order in the inventory system whereas EDI business doesn't do that. Also EDI system trigger's a buyer signal electronically.
What is the difference between a direct loan and an EFT loan?
The two comparison items, Direct and EFT, are generally mutually exclusive. Direct loans are loans that are provided directly from a lender to the borrower without the use of a third-party. Electronic Funds Transfer (EFT) is a generic description for moving funds between computer systems. Most direct loans are disbursed to borrowers via EFT (typically into a personal checking or savings account).
What are the differences between internet based edi and traditional edi system?
Type your answer here... edi is a electronic data interchange
How does EDI work?
Edi allows companies to set up their computers to exchange data between each other. It can be within a company or between different organizations. It is a single system.
What type of services does EDI van services provide?
EDI VAN services refers to 'value added network' services which transforms data between formats (such as EDI). This may be a business to business service, for example.
What is a term that describes a standard for exchanging documents between computers?
EDI
What are the latest trends in using edi?
Hosted EDI / Web EDI
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.
