Company Profile for Electronic Funds Transfer Association.Business Editors --(BUSINESS WIRE) The Electronic Funds Transfer See EFT. (application, communications) electronic funds transfer - (EFT, EFTS, - system) Transfer of money initiated through electronic terminal, automated teller machine, computer, telephone, or magnetic tape. Association (EFTA EFTA: see European Free Trade Association. ) is a non-profit organization A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes. dedicated to the advancement of electronic payment systems and commerce. EFTA is the longest-standing trade association in the U.S. focusing on the business and policy issues of e-payments and commerce. For more than 25 years, EFTA has advocated on behalf of its industry, and provided a unique forum for the exchange of ideas and information across disciplines. From its Washington, DC base, the Association works to represent the interests of the e-payments industry before Congress and numerous federal agencies. Its successes over the last 25 years have included the Electronic Funds Transfer Act The Electronic Funds Transfer (EFT) Act, also known as Regulation E, was implemented in the US in 1978 to establish the rights and liabilities of consumers as well as the responsibilities of all participants in EFT activities [1]. , assuring the right of ATM owners to charge for their services, working to develop standards for the application of the Americans with Disabilities Act Americans with Disabilities Act, U.S. civil-rights law, enacted 1990, that forbids discrimination of various sorts against persons with physical or mental handicaps. to electronic payments systems, and obtaining reasonable consumer protection for means-tested government payments made through ATMs and point-of-sale terminals. EFTA members include financial institutions, government agencies, hardware/software providers, information processors and switches, ATM owners, consultants, Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the and e-commerce technology firms, and retailers. Membership is open to companies, government agencies, and individuals involved in electronic payments. The Association is governed gov·ern v. gov·erned, gov·ern·ing, gov·erns v.tr. 1. To make and administer the public policy and affairs of; exercise sovereign authority in. 2. by a Board of Directors. It operates through a group of Councils, each of which is dedicated to a segment of the electronic payments industry, such as electronic benefits transfer (EBT EBT See: Earnings Before Taxes Industry Council), electronic commerce (e-Commerce and Payments Council), internet banking and payments (eFinancial Enablers Council) and ATM technology. Based in Herndon, Va., outside of Washington, DC, it can be reached through its web site, www.efta.org.
Company: Electronic Funds Transfer Association
Headquarters Address: 950 Herndon Parkway
Suite 390
Herndon, VA 20170
Main Telephone: 703-435-9800
Website: www.efta.org
Type of Organization: Non-profit
Industry: Electronic Commerce and Payment Systems
Key Executives: Executive Director: Kurt Helwig
Public Relations
Contact: Robert Bucceri
Phone: 610-918-1161
Email: bob.bucceri@chaddsfordplanning.com
Customer Service
Contact: Melanie Renner
Phone: 703-745-9800
Email: MelanieRenner@efta.org
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