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RBA Glossary definition for EFT

EFT – Electronic funds transfer

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Reforming the Australian Payments System: The State of Play

10 Apr 1993 Bulletin – April 1993
Effective entry into the EFT payments system is, in a number of ways, easier than into the cheque system. ... The PRESS system will directly monitor and control high-value EFT payments flows across the board.
https://www.rba.gov.au/publications/bulletin/1993/apr/5.html

Innovation

1 Nov 1984 RDP 8402
Lindsay F. Boulton and Warren J. Tease
Vol 75, No. 12, 1983, pp.106–113. AMERICAN BANKERS' ASSOCIATION. “EFT is Bank. ... Electronic Funds Transfer and Monetary Policy. National Commission on EFT's, Washington, 1977.
https://www.rba.gov.au/publications/rdp/1984/8402/innovation.html
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FINANCIAL INNOVATION BIBLIOGRAPHY compiled by Lindsay F. Boultori and ...

14 Oct 2014 RDP PDF 2298KB
Innovations such as Electronic Funds Transfer Systems (EFTS) may influence the role of money as a medium of exchange. ... In particular, high installation costs coupled with low marginal costs indicate that EFTS are likely to provide economies of scale
https://www.rba.gov.au/publications/rdp/1984/pdf/rdp8402.pdf

Reforming the Australian Payments System: The State of Play

12 Feb 2003 Bulletin PDF 487KB
Risk in EFT Payments. EFT payments change the character of riskin the system. ... The PRESS system will directly monitorand control high-value EFT payments flowsacross the board.
https://www.rba.gov.au/publications/bulletin/1993/apr/pdf/bu-0493-5.pdf

Cheques and the Payments System

10 Oct 1996 Bulletin – October 1996
1980. 1995. Paper (cheques, credit transfers). 85. 38. Low-value EFT. Direct credit. ... 1991. 1995. Paper. 59. 35. Low-value EFT. 2. 2. High-value EFT.
https://www.rba.gov.au/publications/bulletin/1996/oct/2.html

Cheques and the Payments System

17 Jun 2003 Bulletin PDF 41KB
Credit cards(a) 7 10High-value EFT Nil (b). Total 100 100. (a) Includes paper-based credit card transactions. ... Paper 59 35Low-value EFT 2 2. High-value EFT 39 63. Total 100 100.
https://www.rba.gov.au/publications/bulletin/1996/oct/pdf/bu-1096-2.pdf

MONEY DEM.RD, OWN INTEREST RATES MW DEREGULATION Adrian Blundell_Wignall* ...

17 Oct 2014 RDP PDF 1096KB
under consideration. For example, improved services and reduced costs implied. by automatic.teller macblues and point of sale electronic funds transfer (EFT). ... functions. The introduction of automatic teller machines and EFT may greatly.
https://www.rba.gov.au/publications/rdp/1987/pdf/rdp8703.pdf

The Stability of Money Demand

1 May 1987 RDP 8703
Adrian Blundell-Wignall and Susan Thorp
For example, improved services and reduced costs implied by automatic teller machines and point of sale electronic funds transfer (EFT) could have increased the use of currency and reduced reliance on ... The introduction of automatic teller machines and
https://www.rba.gov.au/publications/rdp/1987/8703/the-stability-of-money-demand.html

Financial Markets | Reserve Bank of Australia Annual Report - 1986

30 Jun 1986 Annual Report
The Council has continued to monitor developments in electronic funds transfer (EFT) systems and to consider issues relevant to the sound development of these systems. ... Particular issues before the Council in 1985/86 included alternative EFT POS
https://www.rba.gov.au/publications/annual-reports/rba/1986/financial-market.html

Surveillance of the Financial System | Reserve Bank of Australia Annual Report - 1992

30 Jun 1992 Annual Report
To improve EFT systems further, the Council recently endorsed a set of guidelines covering aspects of security in EFT systems and procedures. ... The other guidelines cover technical aspects of communication security in EFT networks and endorse industry
https://www.rba.gov.au/publications/annual-reports/rba/1992/sur-fin-system.html