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What is the difference between EFT & wire?

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posted Jul 17 by Mukul Chag

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1 Answer

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The Payment methods Electronic and Wire are modes of Electronic Fund Transfers . These modes might differ in the formats and documents involved at the site level. WIRE is a kind of outdated method used by remote sites for payments in ORACLE. Jargon might be different but the actual mode is same of either of them.

answer Jul 18 by Anita Yadav
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