Church Hill is Richmondâs first neighborhood and home to most of RVAâs original 32 blocks. The Church Hill area is filled with Richmondâs oldest history from the red brick sidewalks and gas street lamps to the classical architectural styles.
ATM operator is any person that operates an ATM at which a consumer initiates an EFT or a. balance inquiry and that does not hold the account to or from which the transfer is made or about. which the inquiry is made. (Section 205.16(a)). Electronic funds transfer (EFT) is a transfer of funds is initiated through an electronic terminal, telephone, computer (including on-line banking) or magnetic tape for the purpose of ordering, instructing, or authorizing a financial institution to debit or credit a consumerâs account.
8 Comments. 1  Iâm not sure that your answer clearly defines the difference between ACH and EFT. EFT is a generic term that refers to the movement of funds electronically and covers not only direct deposit and direct payment, but debit card, stored value cards and ATM transactions. 2  I still donât really get it. So ACH payments are a subcategory of EFT.