Electronic Fund Transfer System [EFTS] Law and Legal Definition
Electronic Funds Transfer System (EFTS) refers to electronic funds transfer systems whereby funds are transferred electronically from a cardholder's account to any other account.
The following is an example of a case law on EFTS:
The term electronics funds transfer systems includes and encompasses place-of-business funds transfer systems and remote service units. [Bloomfield Federal Sav. & Loan Asso. v. American Community Stores Corp., 396 F. Supp. 384, 386 (D. Neb. 1975)].
Legal Definition list
Related Legal Terms
- 107th Meridian Escrow Fund
- 9-1-1 System
- Accelerated Cost Recovery System
- Active Solar System
- Actuarially Sound Retirement System
- Adaptive Ecosystem Management
- Additional Funds Needed [AFN]
- Administrative Governor [Federal Reserve System]
- Administrative Subdivision of Funds
- Administrative Takedown Funds [Transportation]
