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.
transfer (EFT) payments with remittance information received on an electronic remittance advice (ERA): a sample letter a. provider can email to its banks or use as talking points for a phone or in person meeting with your bank contacts to request. delivery of key reassociation data. Benefit of the Sample Letter.