EFTPOS

Noun

Meaning

EFTPOS (uncountable)

(banking) Acronym of Electronic Funds Transfer at Point of Sale.

Source: en.wiktionary.org

Synonyms

epos

Examples

After a short processing time in which the terminal contacts the EFTPOS network and the bank, the transaction is approved (or declined) and a receipt is printed. Source: Internet

Although the term eftpos is popularly used to describe the system, EFTPOS is a trademark of EFTPOS New Zealand the smaller of the two providers. Source: Internet

A feature of a debit card is that an eftpos transaction will only be accepted if there is an available credit balance in the bank cheque or savings account linked to the card. Source: Internet

As of 2005, most stores and petrol outlets have EFTPOS facilities. Source: Internet

As a further security measure, if a user enters an incorrect PIN three times, the card may be locked out of EFTPOS and require reactivation over the phone or at a bank branch. Source: Internet

All banks offer a debit card suitable for EFTPOS with current accounts. Source: Internet

Close letter words and terms

EFTA efter EFTO EFTSL eftsones eftsoon