EFT is an umbrella term for several types of transactions made electronically, including: ACH transfers Wire transfers Over-the-phone transactions ATM transactions Peer-to-peer (P2P) payments ...

TFT, in particular, is unique in the sequences that are tapped. Below are a few more details Canfield describes as differentiators between the two tapping methods, focusing on EFT: ...

ACH ACH stands for Automated Clearing House. The ACH network includes approximately 10,000 financial institutions. ACH is likely part of your everyday life.