DEFT stands for “Direct Electronic Funds Transfer,” and it is a payment method offered by Deft Payment Systems.
DEFT allows customers to make electronic payments directly from their bank accounts, typically through the use of a debit card or online banking. It provides a convenient and secure way for individuals and businesses to transfer funds and make payments without the need for physical checks or cash.
DEFT payments are processed electronically, reducing the time and effort required for manual processing and providing real-time transaction updates.
Payment options include:
- Credit Card
- One-off or recurring direct debits (from bank account or Card)
- BPAY® (via existing bank)
- Cheque or EFTPOS (over the counter at Australia Post)
- Cheque (via Locked Bag service).
To sum up, DEFT is a payment system that automates and streamlines payment collections, receipting and bank reconciliation processes allowing your business to free up staff, boost productivity, reduce costs and errors, and offer a broader range of payment options to your clients.