EFT (Electronic Fund Transfer)

Electronic Funds Transfer (EFT) is a process for transferring funds electronically from one financial institution to another. It enables businesses to securely and cost-effectively transfer funds between accounts, making purchases and payments more efficient. With EFT, businesses can cut paperwork, reduce time and effort associated with manual payment processing, and streamline their accounting processes. As an added security measure, EFT payments are supported by two-factor authentication, ensuring that only authorized personnel have access and control of the funds.