Question 1

EFTPOS (Electronic Funds Transfer at Point of Sale)

Accepted Answer

Electronic Funds Transfer at Point of Sale (EFTPOS) is an electronic payment system involving electronic funds transfers based on the use of payment cards, such as debit or credit cards, at payment terminals located within a merchants premises.

Question 2

EFTPOS (Electronic Funds Transfer at Point of Sale)

Accepted Answer

Electronic Funds Transfer at Point of Sale (EFTPOS) is an electronic payment system involving electronic funds transfers based on the use of payment cards, such as debit or credit cards, at payment terminals located within a merchants premises.