Section 2503.1 Of Chapter 1. Medium Of Payment From California Revenue And Taxation Code >> Division 1. >> Part 5. >> Chapter 1.

. As used in this division, "electronic funds transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, or computer or magnetic tape so as to order, instruct, or authorize a financial institution to credit or debit an account.