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.
EFTPOS – Electronic Funds Transfer Point of Sale
Updated on:
Webopedia Staff
Since 1995, more than 100 tech experts and researchers have kept Webopedia’s definitions, articles, and study guides up to date. For more information on current editorial staff, please visit our About page.
Related Articles
Human Resources Management System
A Human Resources Management System (HRMS) is a software application that supports many functions of a company's Human Resources department, including benefits administration, payroll,...
How To Defend Yourself Against Identity Theft
Almost every worldwide government agency responsible for identity theft issues will tell you the same thing: The first step to fighting identity theft is...
Infographic
An infographic is a visual representation of information or data. It combines the words information and graphic and includes a collection of imagery, charts,...
Phishing
What is phishing?
Phishing is a type of cybercrime in which victims are contacted by email, telephone, or text message by an attacker posing as...
Definitions
ScalaHosting
ScalaHosting is a leading managed hosting provider that offers secure, scalable, and affordable...
Development
HRIS
Human resources information system (HRIS) solutions help businesses manage multiple facets of their...
Definitions
Best Managed Service Providers...
In today's business world, managed services are more critical than ever. They can...
