Question: An electronic funds transfer ( EFT ) system that can process checks, direct deposits, recurring bill payments, Social Security benefits, and employee salaries is called

An electronic funds transfer (EFT) system that can process checks, direct deposits, recurring bill payments, Social Security benefits, and employee salaries is called a(n)_______.
point-of-sale (POS) terminal
automated clearinghouse (ACH)
electronic check conversion (ECC)
automated teller machine (ATM)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!