electronic funds transfer system in British English
(ɪlɛkˈtrɒnɪk fʌndz ˈtrænsfɜː ˈsɪstəm)
noun finance a system which allows funds to be transferred using electronic banking
Hackers attempted to download more than $ 10 million from the bank's electronic fundstransfer system.
▶ USAGE The abbreviation for electronic funds transfer system is EFTS