What does EMT stand for?

[Victor T]

What does EMT stand for? I see it in the EE threads.

 

[Baribal]

Electronic Money Trasfer.

 

[rangebob]

Alternatively "Email Money Transfer"

Basically, if you have online banking, you probably have the ability to send an Interac Email Money Transfer.
The person who is going to receive the money gives you their email address, their real name (To: ), and the amount.
You go to your online banking and enter that, along with a Security Question and Answer. At this point the funds are removed from your account.
The bank sends an email to the receiver, with a link to a website, they see the Security Question, and if they are able to correctly enter the 'top secret' Security Answer (as password transaction authentication -- i.e. you've communicated the answer with them externally), then they are able to decide into which of their bank accounts the money is to be put.
Note at no time does either side know the account numbers of the person they are transacting with.

Money can be received within 30 minutes -- and often within 1 minute. It's become the preferred method of transfering money for independant (non store) online transactions.

Interac Email Money Transfer Completed
Your payment has been completed. You can print this page for your records.
Confirmation Number :
Date and Time :
To :
E-Mail Address :
Amount :
Service Fee : $1.50
Security Question :
Security Answer :

 

[geetus]

And I beleive its the buyer who pays the service fee only, not the seller.(the opposite of (FRAUD ALERT)). Correct me if I am wrong.

 

[Busta Capp]

The sender of the EMT pays the fee, no charge to the reciever unless it is with a bank not affiliated with the listed receiving institutions.

For more info see here;

http://www.interac.ca/consumers/productsandservices_ol_emt.php

 

[Victor T]

Thank you that explains a lot.

 

[Dave_Shotgun]

This way is more convenient than (FRAUD ALERT), because you don't need to put money into your (FRAUD ALERT) account and then take it out etc.

 

[rangebob]

This way is more convenient than (FRAUD ALERT), because you don't need to put money into your (FRAUD ALERT) account and then take it out etc.

(FRAUD ALERT) is anti gun.
(FRAUD ALERT) is also notorious for taking money from people's accounts and keeping it (I don't mean transactions, I mean emptying people's accounts without a transaction).
A most glaring example was during Hurricane Katrina, where someone set up a (FRAUD ALERT) based website to take dontations for relief, where (FRAUD ALERT) confiscated all the funds.

for more see (FRAUD ALERT)sucks.com and (FRAUD ALERT)sucks.org

You may not use the (FRAUD ALERT) service for activities that:
...
relate to sales of ... (h) ammunition, firearms, or certain firearm parts or accessories

from hxxp://www.(FRAUD ALERT).com/cgi-bin/webscr?cmd=p/gen/ua/use/index_frame-outside