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Electronic Data Interchange (EDI )
EDI is the inter organisational exchange of business documentation , which can be processed by computers. it takes the form of interchange of standard formatted data between the computer application systems of the trading partners with a minimal manual intervention. banks have been using EDI in the form of SWIFT messages. In india , VIDESH SANCHAR NIGAM LTD. (VSNL) provides gateway Electronic Data Interchange Services ( GEDIS) worldwide.

EDI is usually referred to as electronic funds transfer (EFT). credit and debit clearing are different forms of EDI, for making transfer of funds electronically.

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