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What Is an EFT Payment?

Payment Savvy

An EFT payment isn’t just one type of payment – several different types of EFT payments come under the Electronic Fund’s Transfer umbrella. These can include using a credit or debit card, an electronic check, or an ACH (Automated Clearing House) transfer. History of EFT Payments. Direct Deposit.

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Stopping Scams with Artificial Intelligence and Machine Learning

FICO

Using techniques like social engineering or impersonating a trusted source, these criminals are scamming unsuspecting folks out of billions of dollars globally, using real-time payments channels to quickly make off with their ill-gotten gains. compared to a traditional fraud score.

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