Electronic funds transfer and Electronic purse: Difference between pages

Revision as of 14:19, 23 October 2012

A reloadable multi-purpose prepaid card which may be used for small retail or other payments instead of coins.

Electronic purse functions are increasingly being integrated into standard payment cards.

Also known as an e-purse or Electronic wallet.

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-(EFT).
+A reloadable multi-purpose prepaid card which may be used for small retail or other payments instead of coins.
-The movement of funds by non-paper means (normally electronically), usually through a payment system such as the Automated clearing house (ACH) network or Fedwire.
+Electronic purse functions are increasingly being integrated into standard payment cards.
+Also known as an e-purse or Electronic wallet.
 == See also ==
-* [[Automated clearing house system]]
+* [[Chip card]]
-* [[Electronic funds transfer at point of sale]]
-* [[Fedwire]]
-* [[Wire transfer]]