Corporate Profile for Electronic Funds Transfer Association, dated May 30, 1997.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: May 30, 1997
Company Name: Electronic Funds Transfer Association
Address: 950 Herndon Parkway, Suite 390
Herndon, VA 20170
Main Telephone
Number: 703/435-9800
Internet Home
Page Address
(URL): http://www.efta.org
Chief Executive
Officer: H. Kurt Helwig
-0- Company description: 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 the nation's premier inter-industry trade association advocating the full development of electronic commerce and payment systems. EFTA was founded to assist Congress, Executive Agencies and the financial-services industry with legislation regulating consumer protection for electronic-payment transactions. Today, entering its third decade of leadership, EFTA's mission is to advocate the advancement of electronic payment systems and commerce with diverse operations in a rapidly changing industry. Its member Forums include Electronic Commerce, Virtual Banking, Point of Interaction, and Public/Private Partnerships, exploring ways to use commercial payment systems to deliver government benefits. EFTA also operates three industry Councils; the Electronic Benefits Transfer, Legal and Regulatory Affairs Regulatory Affairs (RA), also called Government Affairs, is a profession within regulated industries, such as pharmaceuticals, medical devices, energy, and banking. Regulatory Affairs professionals usually have responsibility for the following general areas: EFTA's members include financial institutions, EFT eft: see newt. (Electronic Funds Transfer) The transfer of money from one account to another by computer. See ACH. EFT - electronic funds transfer networks, information processors, financial-service equipment manufacturers, consultants, software suppliers, and government agencies, including companies like Tandem (Tandem Computers Inc., Cupertino, CA) A former major manufacturer of fault-tolerant computers founded in 1974 by James Treybig and provider of the early 21st century technology for HP's enterprise computing strategy. , Citibank CITIBANK First National City Bank , EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. and Chase Manhattan. It is lead by its chairman, Robert P. Barone, former vice-chairman of Diebold Inc., and its executive director, H. Kurt Helwig. EFTA may be reached at its site on the World Wide Web at http://www.efta.org . CONTACT: Electronic Funds Transfer Association |
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