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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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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

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