EFT System definition

EFT System means the shared system under which EFT Transactions are processed.

EFT System means the network of electronic systems used for the transmission of EFT Transactions.

EFT System means an electronic funds transfer system whereby funds are transferred electronically from a cardholder's account to any other account;

Examples of EFT System in a sentence

• PAYMENT MODE FOR BILL AMOUNTS:42.1 Following are the options available to the Contractors for availing e-payments.42.1.1 EFT System: Under this system Banks offer their customers money Transfer service from account of any bank branch to any other Bank Branch.

• To pay monthly dues, initiation fees, and charges for goods and services upon receipt of a CLUB’s monthly invoice, or via EFT System of Automatic Debt.

• We are responsible for loss caused by the failure of our Electronic Equipment or the EFT System to complete a transaction accepted by our Electronic Equipment or the EFT System in accordance with your instructions.

• Unless you are in breach of these EFT Conditions of Use or we consider it otherwise necessary for the security of the EFT System or individual Accounts, we will automatically provide you with a replacement Card before the expiry date of the current Card or additional Card.

• Where we have been notified by another party to the shared EFT System, or form the view, that a transaction has been debited or credited incorrectly to your Account, we will investigate.

• We will not require you to raise complaints or disputes in relation to the processing of EFT Transactions with any other party to the shared EFT System (such as a retailer or a Merchant).

• We will not require you to raise complaints or disputes in relation to the processing of EFT Transactions with any other party to the shared EFT System (such as a retailer or a merchant).

• Discuss and take possible action to award Bid #4-2021- Replacement of Pedestrian Bridge on Colonial Road.Ms. Plaziak said she is still awaiting confirmation from the contractor who has the low bid to confirm if he will hold his bid price.

• Sub:- Willingness to Receive Payment through RBI’s EFT System We refer to the Electronic Fund Transfer (EFT) System being set up by Eastern Railway, Kolkata for remittance of our payments using RBI’s EFT scheme and confirm that we are agreeable to our payments being made through the above scheme to our under noted Account: NAME OF ORGANISATION AND ADDRESS : MICR CODE OF BANK :BANK NAME : BRANCH NAME : BANK ADDRESS : BRANCH TELE/FAX NO.

• EFT System: Under this system Banks offer their customers money Transfer service from account of any bank branch to any other Bank Branch.

More Definitions of EFT System

EFT System means the process where, on instructions transmitted through a Terminal, a Cardholder’s bank account is debited and the Merchant’s bank account credited or vice versa as the case may be:

EFT System means the third party software to be used to access EFT Services or any successor or replacement software.

EFT System means the network of electronic systems used for the

EFT System means the electronic funds transfer system maintained by the Fronting Lender and pursuant to which the Borrower may transfer funds, or cause the transfer of funds, from accounts of the Fronting Lender to accounts of the Borrower and the Subsidiaries (other than Unrestricted Subsidiaries and Excluded Subsidiaries) or from accounts of the Borrower and the Subsidiaries (other than Unrestricted Subsidiaries and Excluded Subsidiaries) to accounts of the Fronting Lender.

EFT System means the electronic system linking Electronic Banking Terminals.