EFTA announces new officers for EBT Industry Council.Business Editors/Hi-Tech & Government Writers HERNDON, Va.--(BUSINESS WIRE)--Sept. 18, 2000 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, a leading trade association for the electronic payments and commerce industry, today announced the new officers for its EBT EBT See: Earnings Before Taxes Industry Council. The Council officers for 2001 are: -- Chairman: Bob Bucceri, president, Chaddsford Planning Associates. -- First Vice Chairman and Chairman Elect: John Pfeuffer, vice president, Citicorp Services, Inc. -- Second Vice Chairman: Jane Rice, senior product manager, Vital Processing Services. -- Secretary: Louise Meyer, senior account representative, VeriFone, Inc. EBT, or electronic benefits transfer, is the use of bankcard bank·card n. A card issued by a bank authorizing the holder to receive bank services and often functioning as a debit card. technology to deliver government payments or benefits. "I look forward to working with Bob and the entire Executive Committee," said H. Kurt Helwig, executive director of EFTA EFTA: see European Free Trade Association. . "They are experienced professionals whose background covers all aspects of the EBT industry." There are challenges facing the EBT industry "that are not new to electronic funds transfer," added Bucceri, "but are new to our segment. I look forward to working with my colleagues to meet those challenges." About the EBT Industry Council The EBT Industry Council is the nation's oldest trade group dedicated to the business and policy issues of Electronic Benefits Transfer. Since the early 1990s Council members have worked with federal and state government to resolve a variety of bottom-line EBT challenges, including consumer, political, and technical issues. EBT Industry Council members include processors, financial institutions, ATM networks, technology companies, and manufacturers. About the Electronic Funds Transfer Association The Electronic Funds Transfer Association is an inter-industry trade association dedicated to the advancement of electronic payments and commerce. In nearly a quarter-century of industry leadership, it has been in the vanguard Vanguard Any of three unmanned U.S. experimental satellites. Vanguard I (1958), the second U.S. satellite placed in orbit around Earth (after Explorer 1), was a tiny 3.25-lb (1.47-kg) sphere with two radio transmitters. on many key issues facing the industry. These 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]. , 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. , consumer protection for electronic payments, privacy, and security. |
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