EFTPOS meaning in Business ?

Answer: What is Electronic funds transfer at point of sale mean?

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 at points of sale. EFTPOS technology originated in the United States in 1981 and was adopted by other countries. In Australia and New Zealand, it is also the brand name of a specific system used for such payments; these systems are mainly country-specific and do not interconnect.

Debit and credit cards are embossed plastic cards complying with ISO/IEC 7810 ID-1 standard. The cards have an embossed bank card number conforming with the ISO/IEC 7812 numbering standard.

reference

Full Form	Category
Electronic Funds Transfer Point of Sale	Accounts and Finance
Electronic funds transfer at point of sale	Business
Electronic Funds at the Point of Sale	Business
Elephants For Turkish Pens Of Swords	General