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What Is Digital Divide? Identify Its Challenges

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What is digital divide? Identify its challenges.


Definitions:

Electronic Funds Transfer (EFT)

The electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, through computer-based systems.

Proximately Caused

The action that directly leads to a specific effect or outcome, establishing a clear causal link in legal responsibility.

ATM

An Automated Teller Machine that allows bank customers to perform financial transactions, such as withdrawals and deposits, electronically without a human teller.

Payor Bank

The bank that is responsible for paying the check or draft as specified by the person making the payment.

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