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1.                 From The Free On-line Dictionary of Computing (19 January 2023):
                   
   
   
                   
                     
   electronic funds transfer
   EFT
   EFTS
   electronic funds transfer system
      <application, communications> (EFT, EFTS, - system) Transfer
      of money initiated through electronic terminal, automated
      teller machine, computer, telephone, or magnetic tape.  In
      the late 1990s, this increasingly includes transfer initiated
      via the web.  The term also applies to credit
      card and automated bill payments.
      Glossary (http://fms.treas.gov/eft/glossary.html).
      (1999-12-08)