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What is the Electronic Fund Transfer System?

April 26, 2017electronic fund system transfer

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What is the Electronic Fund Transfer System?

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A. The Electronic Fund Transfer System (EFTS) is a billing system used by libraries. Members establish an account with the University of Connecticut Health Center. Lenders upload billing data for DOCLINE or other transactions. Their accounts are credited and Borrowers’ accounts are debited. Lenders pay a five percent (5%) fee of the amount collected.