Click here

EFTPOS - Electronic Funds Transfer Point of Sale

Short for Electronic Funds Transfer Point of Sale, it means customers pay funds (transfer) from their account to the merchants account electronically while still in the shop (the point of sale). To use EFTPOS you must have a special plastic card that is the "key" to your account and will let you access your money from merchants shops.



Top Terms
  • 1

    Consumerization of IT

    Consumerization of IT is a phrase used to describe the cycle of information technology (IT) emerging in the consumer market then spreading to...

    Read more »

  • 2

    ERP - Enterprise Resource Planning

    Short for enterprise resource planning, ERP is business management software that allows an organization to use a system of integrated applications...

    Read more »

  • Click Here!

Connect with Webopedia

Did You Know? Archive »

  • Quick Reference Archive »