- Acronym for Electronic Funds Transfer at Point of Sale . Payment is transferred usually from a checking account at the point of sale. Bloomberg Financial Dictionary
* * *EFTPOS EFTPOS [ˈeftpɒs ǁ -pɑːs] noun [uncountable]BANKING Electronic Funds Transfer at Point of Sale; a system in Britain for paying for goods without using cash or cheques. The buyer's debit card or credit card is put into a special machine connected to a central computer that automatically takes money out of their account and puts it into the seller's account
* * *EFTPOS UK US /ˈeftpɒz/ noun [U]► BANKING, COMMERCE ABBREVIATION for electronic funds transfer at point of sale: a system of paying for goods or services in shops using a bank card or a credit card, so that the money is paid directly from the buyer's bank account to the shop's bank account: »
EFTPOS could disappear from corner stores as bank charges for the service double.
Financial and business terms. 2012.
Look at other dictionaries:
EFTPOS — This article is for the proprietary system. For a generic discussion see Electronic funds transferEFTPOS (short for Electronic Funds Transfer at Point of Sale ) is an Australian and New Zealand electronic processing system for credit cards, debit … Wikipedia
EFTPOS — /ˈɛftpɒs / (say eftpos) noun Also, EFTPOS system. 1. a system of electronic funds transfer from a customer s account to a merchant s account, operated by the customer by means of a coded plastic card inserted into a special purpose terminal and a … Australian English dictionary
EFTPOS — Electronic Funds Transfer Point Of Sale (Business » General) … Abbreviations dictionary
EFTPOS — Electronic Fund Transfer at Point of Sale … Acronyms
EFTPOS — Electronic Fund Transfer at Point of Sale … Acronyms von A bis Z
EFTPOS — An acronym for Electronic Funds Transfer at Point Of Sale. Here retail providers of goods and services install telecommunications equipment and clients are issued Smart cards ( for an explanation refer below). When a client wishes to purchase a … International financial encyclopaedia
EFTPOS — [ ɛftpɒz] abbreviation electronic funds transfer at point of sale … English new terms dictionary
EFTPOS — Abbreviation for electronic funds transfer at point of sale … Accounting dictionary
EFTPOS — Abbreviation for electronic funds transfer at point of sale … Big dictionary of business and management
EFTPOS — UK [ˈeftpɒs] / US [ˈeftˌpɑs] noun [uncountable] business electronic funds transfer at point of sale: a system of paying for goods by moving money by computer from the customer s bank account to the account of the company or person they have… … English dictionary