EFT Blacklist

Electronic Funds Transfer (EFT), is a settlement process that handles the financial payment flow between the retailer and an authorizing financial institution on behalf of a customer through their unique account number. EFT also refers to the hardware device through which the customer’s financial card (it can be either a debit or credit card) is scanned.

The EFT device initiates the authorization request for the transaction settlement amount and provides the authorization response received from the relevant authorizing institution. To support the EFT process for a retail operation, you may need to configure the EFT Blacklist parameters.

The EFT Blacklist parameters provide a list of reason descriptions that you map to error codes coming in from the authorization response. If the financial institution indicates any problem in the authorization response, the system displays the reason description at the POS.