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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

Glossary

2 May 2023
A glossary of terms used on the RBA website
https://www.rba.gov.au/glossary/

Submissions

9 Mar 2023 Submissions
Index of Documents commissioned by or prepared for Parliament, its committees, and other public inquiries
https://www.rba.gov.au/publications/submissions/

Payments System | Submissions | Payments System | Submissions

9 Mar 2023 Submissions
Index of Documents commissioned by or prepared for Parliament, its committees, and other public inquiries
https://www.rba.gov.au/publications/submissions/payments-system/

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

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

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

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

Glossary of Acronyms | I A Consultation Document

9 Mar 2023
EFT. Electronic Funds Transfer. EFTPOS. Electronic Funds Transfer at Point of Sale.
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/ia-consult-doc/glossary.html