Electronic Funds Transfer or EFT refers to the computer-based systems used to perform financial transactions electronically.
We at Cogniz provide all kinds of safe and secure EFT consultancy which include:
- Cardholder-initiated transactions, where a cardholder makes use of a payment card
- Direct deposit payroll payments for a business to its employees
- Direct debit payments from customer to business, where the transaction is initiated by the business with customer permission
- Electronic bill payment in online banking
- Electronic Benefit Transfer
- Transactions involving stored value of electronic money
- Wire transfer via an international banking network