Which of the following is not an example of an electronic funds transfer system?
A)Wire transfers
B)Point-of-sale terminals
C)Preauthorized payments
D)Telephone transfers

Question

Quizplus · Accepted Answer

The basic EFT systems are automated teller machines: point-of-sale terminals,which allow consumers to use their EFT cards,including payroll and prepaid gift or general-purpose readable cards (like checks)at retail establishments;preauthorized payments,such as automatic paycheck deposits or mortgage or utility payments;and telephone transfers between accounts or payment of specific bills by phone.

Which of the Following Is Not an Example of an Electronic