Statements (53)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:city
|
| gptkbp:abbreviation |
gptkb:EFT
|
| gptkbp:advantage |
Speed
Convenience 24/7 availability Cybersecurity risks Potential for errors Reduced paperwork Technical failures |
| gptkbp:alternativeName |
electronic_funds_transfer
electronic_funds_transfer_system electronic_money |
| gptkbp:enables |
Transfer of money electronically
|
| gptkbp:example |
gptkb:ACH_transfer
Wire transfer ATM withdrawal Direct deposit Online bill payment Debit card transaction Point of Sale payment |
| gptkbp:introducedIn |
1970s
|
| gptkbp:involves |
gptkb:Banks
Financial institutions Payment processors |
| gptkbp:regulates |
Electronic Fund Transfer Act (US)
European Union Payment Services Directive Reserve Bank of India (India) |
| gptkbp:relatedTo |
gptkb:IMPS
gptkb:NEFT gptkb:RTGS gptkb:SWIFT gptkb:SEPA gptkb:ACH Wire transfer Payment gateway Mobile banking Online banking Digital banking Direct debit |
| gptkbp:requires |
Bank account
Electronic network |
| gptkbp:riskFactor |
gptkb:fraud
Phishing Unauthorized access |
| gptkbp:usedFor |
Online payments
ATM transactions Wire transfers Bill payments Banking transactions Payroll deposits Point of Sale transactions |
| gptkbp:bfsParent |
gptkb:financial_technology
|
| gptkbp:bfsLayer |
4
|