EFTPOS

For general EFT, see Electronic funds transfer.

Electronic funds transfer at point of sale (EFTPOS; /ˈɛf(t)pɒs/) is a type of payment transaction in which electronic funds transfers (EFT) are processed at a point of sale (POS) system or payment terminal usually via payment methods such as payment cards (debit cards, credit cards or gift cards). EFTPOS technology was developed during the 1980s.

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