Which of the following is an electronic funds transfer system?

Question

Quizplus · Accepted Answer

The electronic funds transfer (EFT) systems utilized by consumers include (1) automated teller machines; (2) point-of-sale terminals, which allow consumers to use their EFT prepaid cards like checks to transfer money from their checking account to the merchant; (3) preauthorized payments, using the Automated Clearing House System (ACH) such as automatic deposit of paychecks and government benefits, or the payment of mortgage, credit-card, and utility bills; and (4) telephone transfers between accounts or authorization to pay specific bills.

Which of the Following Is an Electronic Funds Transfer System