Electronic Funds Transfer Tutorials

 

 

 

Electronic funds transfer (EFT) stands for electronic transfer of money from one bank account to another, either in the same bank or in another bank and the transfer could be passed across multiple institutions.

Electronic funds transfer covers multiple operations like:

• cardholder-initiated transactions, using a credit or debit card;
• direct deposit;
• direct debit payments;
• wire transfer;

 

Tutorials

• Luhn algorithm implementation in Java
• ISO8583 financial transaction message format
• ISO8583 flows, fields meaning and values

 

References

• Electronic Funds Transfer