A prefix meaning one hundredth (1/100). Example: 1/100th of a meter is called a centimeter (there are 100 centimeters in a meter).
EFT Debits (Normal Debit Orders) EFT Debits, previously known as Magtape debits or ACB, allows a business or organisation to debit the account of their client in order to fulfil the obligations of an underlying agreement.
EFT is a process that electronically transfers dollars from one bank to another. In child support applications, EFTâs are used to simultaneously transfer child support payment and remittance information to State child support agencies.