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Clients only need to swipe a card at your point-of-sale (POS) terminal or enter their bank account number into your website (Initiation). The ElectronicFundsTransferAct (EFTA) also requires added security features, such as multi-factor authentication, end-to-end encryption, and tokenization.
ECommerce & Point of Sale (POS): ECommerce and POS systems utilize EFT when customers purchase online or at retail outlets. Security: EFTs are encrypted and monitored for fraudulent activities, offering a secure way to transferfunds. What is the ElectronicFundsTransferAct (EFTA)?
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Electronic Fund Transfer Act (EFTA) 
88 
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