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In the context of payment and settlement systems, this term may refer to the transmission of transfer instructions by users through such electronic means as computer-to-computer interfaces or electronic terminals, which are entered into a transfer processing system by automated means.


The term may also refer to the storage of data by a transfer processing system on a computer database so that the user has direct access to the data (frequently in real time) through input/output devices such as terminals.


More generally, connected to another computer or electronic terminal.

For example, connected to the internet.

4. Retail.

Retail offerings to consumers via the internet, rather than in a physical shop.

See also