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Banco de la Producción S.A., better known as Produbanco, is an Ecuadorian bank. It is the head of the Grupo Financiero Producción . The bank began operations in November 1978.
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An e-commerce payment system (or an electronic payment system) facilitates the acceptance of electronic payment for offline transfer, also known as a subcomponent of electronic data interchange (EDI), e-commerce payment systems have become increasingly popular due to the widespread use of the internet-based shopping and banking.
Money transfer generally refers to one of the following cashless modes of payment or payment systems: . Electronic funds transfer, an umbrella term mostly used for bank card-based payments
Electronic funds transfer (EFT) is the transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems.
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Wire transfer, bank transfer, or credit transfer, is a method of electronic funds transfer from one person or entity to another. A wire transfer can be made from one bank account to another bank account, or through a transfer of cash at a cash office.
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