Electronic funds transfer is basically the electronic transfer of money between one bank account and another, either in a single financial institution or among multiple financial institutions, through computer-based networks, without the actual physical intervention of concerned bank personnel. In other words, it is an electronic transaction,...

Credit card fraud is a generic term for any fraudulent act done using a credit card, including a debit card or credit card. The principal goal can often be to gain products or services in place of money or to repay another person, who is acting as the employer. These acts of credit card fraud are becoming increasingly difficult...

Electronic funds transfer is simply the electronic transfer of money between one banking institution and another, either over a single financial channel or across many different financial institutions, using computer-based processes. The money is usually transferred in real time (usually within 24 hours) after filling out an online form, and can be...