Payment Savvy

NOVEMBER 9, 2022

History of EFT Payments. The history of electronic funds transfers begins in the 1960s, with the advent of ATMs. Types of EFT Payments. ATM Transactions. As you are probably aware, ATMs allow bank customers to conveniently withdraw cash from their accounts without going inside the bank and speaking to a teller.

Online and Mobile Banking

Stax

MAY 7, 2024

Cashless transactions have dethroned the age-old cash payments. When was the last time you withdrew cash from an ATM? trillion in the US in 2022, accepting card payments is no longer a question of whether to, but how to. You’ve heard that cash is king. Not so much anymore! Or paid for your groceries using hard cash?

Credit Cards

Payment Savvy

NOVEMBER 14, 2022

Apart from electronic checks, EFTs include other digitalized banking functions such as ATM withdrawals and deposits, debit card transactions, and remote check depositing. Payment amount. Once all required details have been provided, you must authorize the eCheck payment, which you can do either online or via phone call.

Checks

Nanonets

MAY 30, 2023

  ePayment systems can provide a recorded trail of payments made, and enhanced visibility into payment statuses and financial metrics. Efficiency: ePayment systems do not require waiting in long queues in ATMs and banks to withdraw cash or deposit checks.   Virtual cards are just gaining a foothold in many countries.

Payment APIs and Integration