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ELECTRONIC FUNDS TRANSFER (EFT)

Statistics Directorate    
Definition:
A standard mechanism for electronically transmitting funds between two parties.

Source Publication:
BIS Business papers, November 2001, Glossary, J. Hawkins
.

Hyperlink:
http://www.bis.org/publ/bispap07l.pdf

Statistical Theme: Information and communication technology

Created on Thursday, August 22, 2002