Electronic Transfer Associates Inc. ECTS to Establish a European Division to Facilitate Internet Trade in Euros.NEW YORK--(BUSINESS WIRE)--Nov. 17, 1998--Electronic Transfer Associates, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: ECTS ECTS European Credit Transfer System ECTS European Community Course Credit Transfer System ECTS European Computer Trade Show ECTS Erie County Technical School (Pennsylvania) ECTS Engine Coolant Temperature Sensor ), is seeking a European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. partner to help it establish banking connections in Europe to accommodate Eurodollar transfers. The principal currency used to make credit card purchases via the Internet has been U.S. dollars. Electronic Transfer Assoc. Inc. recognizes that the introduction of a new single European currency in 1999 would mean that a secondary market will emerge for product purchases in the new Eurodollar currency. Electronic Transfer Associates, Inc. intends to provide a facility whereby website vendors will make it effortless ef·fort·less adj. Calling for, requiring, or showing little or no effort. See Synonyms at easy. ef  fort·less·ly adv. for its customers to purchase goods with Eurodollars, hence the more likely it is that purchases will be made in this manner. Electronic Transfer Associates Inc. expects to earn revenue by offering clients a merchant account that will be able to exchange funds and subsequently make a commission on each transaction. As the process is totally automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. , the overhead in connection with the service is extremely low. |
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