EFT System definition

EFT System means the network of electronic systems used for the transmission of EFT Transactions.
EFT System means the shared system under which EFT Transactions are processed.
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

  • If we have reason to believe that your ATM or Debit Card, PIN, Online Banking, or Mobile Banking (or any other) authorization code has been compromised, we need not give prior notice if an immediate change in your Account accessibility is necessary to maintain or restore the security of your Account or the EFT system.

  • Failure to enroll in the EFT system will result in a delay of all payments.


More Definitions of EFT System

EFT System means an electronic funds transfer system whereby funds are
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 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 electronic system linking Electronic Banking Terminals.

Related to EFT System

  • UST system or “tank system” means an underground storage tank, connected underground piping, underground ancillary equipment, and containment system, if any.

  • relevant system means a computer-based system, and procedures, which enable title to units of a security to be evidenced and transferred without a written instrument pursuant to the CREST Regulations;

  • IT System all computer hardware (including network and telecommunications equipment) and software (including associated preparatory materials, user manuals and other related documentation) owned, used, leased or licensed by or to the Company.