An electronic funds transfer works by using computer and electronic technology rather than paper transactions in order to transfer money, as stated on the Consumer Information page of the Federal Trade Commission. Common EFT services include ATMs, direct deposit, pay-by-phone systems, personal computer banking, debit card transactions and electronic check conversion.Continue Reading
People initiate EFTs through devices like cards or codes that enable them to access their account, says the FTC. Most financial institutions use ATM cards and Personal Identification Numbers (PINs) to transfer money via EFT. Other financial institutions use other kinds of debit cards that require a signature or scan.
ATMs are electronic terminals that allow people to bank almost virtually any time. An ATM card and PIN are necessary to transfer funds, make deposits and withdraw cash. Direct deposit permits authorization of certain deposits, such as paychecks and Social Security checks, to a person’s account on a regular basis. Pay-by-phone systems enable people to contact their financial institution and provide instructions regarding the payment of bills or transfer of funds between accounts. Personal computer banking allows handling of numerous banking transactions through a personal computer, and debit card payment transactions let consumers make payments and purchases using a debit card. Lastly, electronic check conversion converts paper checks into electronic payments.Learn more about Financial Planning
Bluetooth works by transmitting data through radio waves that operate at a low power level and a specific frequency to create an uninterrupted connection between two devices. The frequency that Bluetooth operates falls between 2.402 and 2.480 gigahertz and has been reserved for industrial, scientific and medical device use internationally. To avoid causing interruptions with other devices operating in the same radio range, Bluetooth signals are emitted at one miliwatts.Full Answer >
According to Coulton.com, a differential pressure transmitter works by sensing the difference between two different ports and then producing a signal that corresponds to a certain range of calibrated pressures. Usually this set of functions requires that the differential pressure transmitter be built with two different cases. One of these cases holds the pressure sensing element, while the other houses the electronics that can send out the calibrated pressure signal.Full Answer >
As of 2016, Garmin GPS device owners can register a device by going to the company's Product Registration page at Garmin.com, selecting the category that the product belongs in and following the prompts shown on their computer screen. To register a device, Garmin device owners are required to sign into an existing account or create an account. All registered devices are tied to the owner's myGarmin account.Full Answer >
To add and install a Bluetooth device in Windows 7, enable the Bluetooth adapter on your computer, access the Devices and Printers page via the Start Menu, and select the device once the Bluetooth adapter detects it. Make sure that the device is turned on and set to discovery mode.Full Answer >