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
E-Commerce
e- commerce information system
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.
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.
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).
Type your answer here... edi is a electronic data interchange
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.
EDI
Hosted EDI / Web EDI
electronic funds transfer (EFT)
An EFT server is software that is used in the electrical engineering field. EFT is an acronym for enhanced file transfer.
direct connection (EDI) requires each business in the network to operate its own on-site EDI translator computer. Most companies use the service of a value-added network such as VANs that provides communications equipments, software, and skills needed to receive, store, and forward electronic messages that contain EDI transactions set. the main difference is that indirect connection pass message through the VANs instead of connecting their computers directly to each other.