Finextra
JUNE 11, 2025
Early Electronic Initiatives (late 1980s/early 1990s): Limited electronic fund transfers began to emerge, mainly within banks or for specific corporate clients, but were not widely interoperable. This democratized electronic fund transfers for individuals and small businesses.
Fintech News
MARCH 25, 2024
Threat actors expand capabilities Looking more broadly at mobile banking malware, the study found that threat actors added new capabilities to response to evolving cybersecurity defenses but also to broaden their scope and increase effectiveness. The captured information is then sent to a remote server controlled by cybercriminals.
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Stax
JULY 9, 2024
The world of Electronic Funds Transfer (EFT) payments is vast, spanning just about every payment method you can think of. TL;DR An Electronic Funds Transfer is an umbrella term for payments that are conducted electronically—essentially, any payment method except for cash and paper checks.
Nanonets
NOVEMBER 14, 2023
Leveraging social engineering, email spoofing, and identity fraud, these malevolent actors manipulate individuals into making unauthorized fund transfers or divulging confidential Personally Identifiable Information (PII). They send emails to employees, often in finance or accounting, instructing urgent and confidential fund transfers.
PYMNTS
SEPTEMBER 9, 2020
This will be a game-changer, providing citizens access to digital capabilities, including funds transfer, eCommerce, bill payment and much more," he said, according to the release. In July, Trulioo also brought its identity verification services to Vietnam through GlobalGateway, PYMNTS reported.
EBizCharge
JULY 18, 2024
Understanding an EDI payment and how it differs from Automated Clearing House (ACH) and Electronic Funds Transfer (EFT) is pivotal for efficient financial operations in an increasingly digital world. Infrastructure and cybersecurity requirements The infrastructure needed to support EDI payments must be robust and secure.
PYMNTS
JUNE 19, 2019
In other security news, CU blockchain developer CULedger has partnered with enterprise software firm R3 to develop blockchain-based, electronic funds transfer (EFT) system CU Pay. Smaller CUs are also getting more advanced.
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