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This is the first time the E-card itself could be emailed directly by the card sender to the recipient rather than having an announcement sent with a link to the card's location at the E-card site. [7] Between Sep 1996 and Thanksgiving 1997, [8] a paper greeting card company named Blue Mountain developed E-cards on its website. Blue Mountain ...
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Electronic funds transfer (EFT) is the electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems, without the direct intervention of bank staff. Funds transfers are the primary mechanism used by the business community for fast and ...
Electronic bill payment is a feature of online, mobile and telephone banking, similar in its effect to a giro, allowing a customer of a financial institution to transfer money from their transaction or credit card account to a creditor or vendor such as a public utility, department store or an individual to be credited against a specific account.
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The Electronic Fund Transfer Act was passed by the U.S. Congress in 1978 and signed by President Jimmy Carter, to establish the rights and liabilities of consumers as well as the responsibilities of all participants in electronic funds transfer activities. [1] The act's provisions were implemented through Federal Reserve Board Regulation E.
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