Electronic Funds Transfer definition

Electronic Funds Transfer means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers.

Electronic Funds Transfer means an electronic transmission of funds conducted by and received at a financial institution or a financial entity headquartered in and operating in a country that is a member of the Financial Action Task Force, where neither the sending nor the receiving account holders handle or transfer the funds, and where the transmission record contains a reference number, the date, transfer amount, currency and the names of the sending and receiving account holders and the conducting and receiving entities.

Electronic Funds Transfer means a remote electronic transmission used for ordering, instructing, or authorizing a financial institution to pay money to or credit the account of the payee and debit the account of the payer. The remote electronic transmission may be initiated by telephone, terminal, computer, or similar device.

Examples of Electronic Funds Transfer in a sentence

• Remittance of the aggregate amount of all dues and other proper VCDSA deductions made from the salaries of employees shall be made to VCDSA via Electronic Funds Transfer (EFT) within fifteen (15) working days after the deductions are made.

• Return of unspent funds will be processed via Electronic Funds Transfer (EFT) in accordance with 31 C.F.R. Part 208 and, upon request by NASA, Partner agrees to complete the Automated Clearing House (ACH) Vendor/Miscellaneous Payment Enrollment Form (SF 3881).

• Screen Gems Louisiana, LLC has indicated that it has elected to use the following form of payment: [ ] Cash, money order, or other guaranteed form of payment [ ] Credit card (We accept all major credit cards) [ ] Company check or Electronic Funds Transfer [ ] _________________ [agreed alternative] Screen Gems Louisiana, LLC may not change this form of payment.

• Claim payments are made by Electronic Funds Transfer (EFT) via an HDS platform (IBM mainframe/Treasury interface) on a daily basis.

• If payments are required to be made under this Contract by Company in a currency other than USD, Supplier will provide Electronic Funds Transfer (EFT) instructions to Company and Company will make such payments to Supplier electronically, to the extent permitted by law.

More Definitions of Electronic Funds Transfer

Electronic Funds Transfer means the same as defined in section 203.1.

Electronic Funds Transfer means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. The term includes point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers.

Electronic Funds Transfer. (or “EFT”) are used as defined in the Electronic Funds Transfer Act and Bureau of Consumer Financial Protection Regulation E to mean an electronic transfer of funds initiated by a computer or similar device to or from a consumer’s Deposit Account, such as transfers through Online Banking, including the Mobile Banking Service.

Electronic Funds Transfer means any transfer of funds, other than a trans- action originated by cash, check, or Fiscal Service, Treasury § 208.2 similar paper instrument, that is initi- ated through an electronic terminal, telephone, computer, or magnetic tape, for the purpose of ordering, instruct- ing, or authorizing a financial institu- tion to debit or credit an account. The term includes, but is not limited to, Automated Clearing House transfers, Fedwire transfers, and transfers made at automated teller machines and point-of-sale terminals. For purposes of this part only, the term electronic funds transfer includes a credit card transaction.

Electronic Funds Transfer means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, that is initiated through an electronic terminal, telephonic instrument, modem, computer, or magnetic tape, so as to order, instruct, or authorize a financial institution to credit or debit an account.

Electronic Funds Transfer means any transfer of funds, other

Electronic Funds Transfer means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, that is initiated through an electronic terminal, telephone, or computer or magnetic tape for the purpose of ordering, instructing, or authorizing a financial institution to debit or credit an account. [IC 36-1-8-11.5]