electronic funds transfer at point of sale

the payment for goods or services by a bank customer using a card that is swiped through an electronic reader on the till, thereby transferring the Cash from the customer's account to the retailer's or service provider's account.

Abbreviation EFTPOS

Browse by Subjects

Related Terms

See All Related Terms »

Popular Terms In Accounting

best efforts offering
audit programme
appropriation account
accounting practice
Heavy crude oil