What is electronic funds transfer? Why is it beneficial for banks? What provisions are in the law to protect the customer who uses electronic funds transfer?

Name: What is electronic funds transfer? Why is it beneficial for banks? What provisions are in the law to protect the customer who uses electronic funds transfer?
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The Answer of What is electronic funds transfer? Why is it beneficial for banks? What provisions are in the law to protect the customer who uses electronic funds transfer?

What Is Electronic Funds Transfer? Why Is It Beneficial for Banks