electronic funds transfer at point of sale


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Related to electronic funds transfer at point of sale: Eftpos

electronic funds transfer at point of sale

n
(Commerce) a system for debiting a retail sale direct to the customer's bank, building-society, or credit-card account by means of a computer link using the telephone network. Acronym: EFTPOS
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The world electronic funds transfer at point of sale (EFT POS) terminals market grew at a rate of 10.
for proprietary ATM Technology, known in Australia as Electronic Funds Transfer at Point of Sale (EFTPOS) the first location is installed and working at the Hellenic Club, Canberra.

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