EFTS

EFTS
abbreviation
electronic funds transfer system

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electronic funds transfer system.

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EFTS (computing)
abbrev
Electronic funds transfer system

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eft1 «ehft», noun.
1. a small newt. An eft lives on land until it matures.
2. (formerly) any small lizard.
╂[Old English efete. Compare etym. under newt. (Cf. ↑newt)]
eft2 «ehft», adverb.
╂[Old English eft. See related etym. at after. (Cf. ↑after)]
EFT or EFTS,
electronic funds transfer (system): »

EFTS (also referred to in some circles as the “checkless society”) is a plan to eliminate paper by moving money among major financial institutions via computer (New York Times).

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abbr. electronic funds transfer system

Useful english dictionary. 2012.

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