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Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
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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. Delays can also occur based on the institutions involved and if a transfer is initiated late in the day or after the end of a business day.
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