Funds transfer message
- An ISO term. A message which provides instructions for, reports on, or otherwise supports the movement of funds among banks and their customers.
International financial encyclopaedia . 2014.
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Electronic funds transfer — or EFT refers to the computer based systems used to perform financial transactions electronically.The term is used for a number of different concepts: * Cardholder initiated transactions, where a cardholder makes use of a payment card * Direct… … Wikipedia
Message Authentication Code — (MAC) An ISO term. A code in a message between the sender and the receiver used to validate the source and part or all of the text of the message. The code is the result of an agreed calculation. ISO Funds Transfer Messages term. 16x. ISO… … International financial encyclopaedia
Message type code — An ISO term. A code that designates the function of and/or the action requested by the message. ISO Key Management term. 3a. ISO Identification Cards term. ISO Bank Card Originated Messages term. 4n. ISO Funds Transfer Messages term. 3an … International financial encyclopaedia
Wire transfer — or credit transfer is a method of electronic funds transfer from one person or institution (entity) to another. A wire transfer can be made from one bank account to another bank account or through a transfer of cash at a cash office. Wire… … Wikipedia
Interac e-Transfer — (previously known as Interac Email Money Transfer) is a funds transfer service between personal and business accounts at participating Canadian financial institutions. The provider of this service is CertaPay, a division of Acxsys Corporation.… … Wikipedia
Telegraphic transfer — The term Telegraphic Transfer or Telex Transfer , often abbreviated to TT , is a electronic means of transferring funds overseas. A transfer charge is collected while sending money. A banking term commonly call T/T, meaning a cable message from… … Wikipedia
Bank — An ISO term. A financial institution authorised or chartered by its national regulatory authority to be designated as a bank. In finance this normally means: Credit institutions; mortgage institutions; foreign central banks, and … … International financial encyclopaedia
Generate — Normally used to describe the process of producing a funds transfer message of printed statement … International financial encyclopaedia
Automated Teller Machine Communication Security — Automated Teller Machines were first used in 1939. Nowadays, about 1.5 million are installed worldwide [ [http://www.atmmarketplace.com/news story 24706.htm Number of ATMs worldwide expected to hit 1.5 million in December 2005] www.atmmarketplace … Wikipedia
Advance-fee fraud — African sting An advance fee fraud is a confidence trick in which the target is persuaded to advance sums of money in the hope of realizing a significantly larger gain. Among the variations on this type of scam are the Nigerian Letter (also… … Wikipedia