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EFTS transfers are often called "ACH transfers", because they take place through Automated Clearing Houses. One important way ACH transfers differ from wire transfer is that the recipient can initiate it. There are of course restrictions, but this is the way people often set up automatic bill payment with utility companies, for example.
• Use a strong password and change it regularly - Create a strong password to minimize the risk of unauthorized account access. • Add another level of security - Turn on two-step verification and get sent a security code when someone logs in from an unfamiliar device or location.
Standards can be grouped as follows in increasing range order: Personal area network (PAN) systems are intended for short range communication between devices typically controlled by a single person. Some examples include wireless headsets for mobile phones or wireless heart rate sensors communicating with a wrist watch.
“Customers who use mobile banking alerts are slightly more likely to detect and contact their bank regarding fraud or unauthorized account activity — providing a greater sense of protection ...