Category Archives: EFT

Electronic Funds Transfer

Posted on March 31, 2010 by admin

Electronic Funds Transfer Electronic funds transfer (EFT) is the modern alternative to the old check-clearing process when sending and receiving funds between a payer and a payee. An EFT is done through the system of automatic clearing house (ACH). In … Continue reading →

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EFT – Transforming Personal and Business Banking

Posted on February 18, 2010 by admin

Electronic Funds Transfer or EFT is the process by which money is transferred from one location to another electronically. It is faster than traditional methods of banking, which required an individual to go to the banking facility and deposit cash … Continue reading →

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EFT Processing – The Electronic Check Advantage

Posted on February 1, 2010 by admin

Electronic funds transfer is defined as any transfer of funds that occurs in a paperless manner. This includes that transactions that take place at a point of sale system in a retail store, as well as transactions that take place … Continue reading →

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Online Payment Processing – The Safety of Online Shopping

Posted on January 8, 2010 by admin

It seems that everyone has a web site of their own. Home-based businesses have sites that are informative and professional. Many popular brick and mortar businesses also have an online presence. Everyone encourages you to make a purchase at their … Continue reading →

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NACHA – The Electronic Payments Association

Posted on November 26, 2009 by admin

NACHA has recently changed its name from The National Automated Clearing House Association to The Electronic Payments Association. Its goal is to develop methods to improve the ACH payment system. Operating rules and business practices focus on electronic payments for … Continue reading →

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Electronic Fund Transfer-How to Get Paid Over the Internet

Posted on November 22, 2009 by admin

An Electronic Fund Transfer is a paperless monetary transaction occurring between two banks.  In the case of online sales, the customer’s checking account information is input onto a webpage.  The customer’s bank then routes and deposits the funds into your … Continue reading →

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Things to Consider when Choosing Payment Processing Networks

Posted on October 27, 2009 by admin

Online payment processing is one of the major considerations that you need to look into if you are planning to open an online store or website. Believe it or not, there are some entrepreneurs who get caught up with web … Continue reading →

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The Fundamentals of EFT

Posted on October 23, 2009 by admin

EFT is one of the things that you will encounter when you are looking for electronic financial transactions. In simple terms, EFT or electronic fund transfer refers to the transfer of money from one account to another with the use … Continue reading →

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What to Do Before Hiring a Check Processing Services Company

Posted on October 22, 2009 by admin

What to Do Before Hiring a Check Processing Services Company With check processing services and other electronic payment systems, it becomes easier for businesses to manage payments from their customers. Before the age of computers and the Internet, companies need … Continue reading →

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