When customers purchase goods by credit card, the issuer of the credit card uses EFT to transfer funds into the company's bank account.

Question

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When a customer uses a credit card to make a purchase, the credit card issuer transfers the funds electronically through the Automated Clearing House (ACH) system to the merchant's bank account. This process is known as Electronic Funds Transfer (EFT).

When Customers Purchase Goods by Credit Card, the Issuer of the Credit