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What Is An Electronic Funds Transfer?

 
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jeblynwood



Joined: 13 May 2013
Posts: 10
PostPosted: Mon May 13, 2013 7:19 am    Post subject: What Is An Electronic Funds Transfer? Reply with quote
The next step in electronic funds transfer was debit PIN pads at the point of sale introduced at supermarkets in the early 1980s. In the 1990s, Internet sales grew rapidly and business-to-consumer transactions became possible with better security measures and increased privacy rules. Today, companies like Visa and MasterCard have created credit cards specifically designed for online use, not at physical locations. The world of electronic funds transfer continues to experience new innovation and advances in technology have created many new opportunities for transferring money electronically.
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