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
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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