The over promotion syndrome of being promoted to one's level of incompetency was popularized by

(Laurence J. Peter) The Peter Principle founded the over promotion syndrome.  The over promotion syndrome is being promoted to one's level of incompetency. This principle is talking about a company selecting someone for a different role based on how well they perform in their current role even when they are not qualified for the future role they are applying for. 

Electronic funds transfer is the electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems, without the direct intervention of bank staff