EFT /ˌiː ef ˈtiː/ noun [countableC, uncountableU] technical
the abbreviation of electronic funds transfer/ electronic funds transfer的缩写,电子资金转账
From Longman Business Dictionary
EFTEFT noun [countableC, uncountableU]
BANKINGCOMPUTING (Electronic Funds Transfer) the process of moving money from one bank or credit card account to another using a computer or a machine such as an ATM, or money moved in this way