VDict - Definition of Electronic Funds Transfer Point of Sale

Computing (FOLDOC) dictionary

Electronic Funds Transfer Point of Sale

business, real-time A method of electronic payment which

allows money to be transferred from the account of the shopper

to the merchant in close-to real-time. Generally the shopper

will give the merchant a credit or debit card, which will be

swiped to obtain the account information. The shopper will

then be required to either sign a receipt or enter a PIN via

a keypad to authorise the transaction.

(2003-06-22)

Related search result for "Electronic Funds Transfer Point of Sale"

Words contain "Electronic Funds Transfer Point of Sale" in its definition in Computing (FOLDOC) dictionary:
EFTPOS electronic commerce Electronic Funds Transfer Point of Sale electronic funds transfer system electronic funds transfer Electronic Commerce Dictionary EFTS EFT Simple Mail Transfer Protocol Ecash more...