Electronic Funds Transfer (EFT): The electronic exchange (transfer of money from one bank account to another), either within a single financial institution or across multiple institutions, through ...

New York Attorney General Letitia James filed a lawsuit against Citibank accusing it of neglecting to protect its customers ...

The Electronic Funds Transfer Act protects consumers from liability for unauthorized transfers from their accounts.

On January 10, 2025, the Consumer Financial Protection Bureau (CFPB) issued a proposed interpretative rule that would extend the consumer protections of the Electronic Funds Transfer Act (EFTA ...

Interac e-transfers are a form of electronic funds transfer facilitated by the online payment system, Interac. Payments are nearly instant, and the only information you need to send an Interac e ...

For outgoing payments to a U.S. bank via electronic funds (wire) transfer, complete the Domestic Electronic Funds Transfer (EFT) Request form and a Direct Payment Request form. The forms require ...

An online account is typically funded by either direct deposit or electronic funds transfer, which can be facilitated at account opening. Learn More How to Open a Checking Account Online How do ...

Nigeria Inter-Bank Settlement System (NIBSS) says the total value of instant payments in 2024 increased to N1.07 quadrillion ...

The record, contained in revenue-sharing data released by the Federation Account Allocation Committee (FAAC), explained that the December revenue surpassed the N15.046 billion recorded in November by ...