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Type: Multiple-Choice
Category: Business Technology
Level: None
Tags: Electronic data interchange
Author: SeanShelton
Last Modified: 8 years ago

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None Business Technology

Electronic data interchange
  1. The movement of funds by non-paper means (normally electronically), usually through a payment system such as the Automated clearing house (ACH) network or Fedwire.
  2. Strictly one of the the twelve Federal Reserve Banks which form a major part of the Federal Reserve System, the central banking system of the United States.
  3. The electronic exchange of business data between or within commercial entities (including their agents or intermediaries in some cases also public administrations), in a standard format, of data relating to a number of message categories, such as orders, invoices, customs documents, remittance advices and payments.
  4. The same-day value electronic funds transfer system operated in the US by the Federal Reserve Bank (Fed)