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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

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