Processing Electronic Funds Transfer

Electronic Funds Transfer (EFT) is a form of Electronic Data Interchange (EDI), which is a method of transmitting data electronically. Based on pre-authorization from your customers, EFT processing automatically clears customer's open items. This chapter explains how to process Electronic Funds Transfer (EFTs) payments.

Note: Before you can perform EFT procedures, you must complete the EFT setup.

See What Setup Is Required to Process EFT?.