A clear illustration of this concept is when you receive your electricity bill for the month of January. You have consumed the service or incurred the expense but have not yet paid it. Deferred transactions are prepared when cash payment is made in advance before the product or service is completed. Quick Tips to Remember […]
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Alongside this, a lot of banks use other security measures, like two-factor authentication, which ensures only the individual authorized to make the payment is able to initiate it. Wire transfers and EFTs are often confused, but there are differences between them. EFT is an umbrella term encompassing all automatic electronic transfers, while wire transfers are
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