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hi my name is Martin McNicoll founder of GURUS and author of Scale Up Your Business with cloud technology and today im going to answer the question whats an eft eft is short for electronic fund transfer to put it simply an eft is what happens when you take money from one bank account and you send it to another without relying on another human being to handle the transaction instead a secured network is playing the role of the bank teller our world runs on eft and it includes atm when you withdraw money he transfers when you receive money from an individual and electronic bill payments when you pay your bill on your banks website this technology is already present everywhere in our lives but how can it improve your business operations eft is not only a staple of day-to-day operations its also a game changer when you cant go to the office anymore for example your head office in the industrial neighborhood might be temporary closed meanwhile your acco
