EFTPOS, otherwise known as Electronic Funds Transfer at Point of Sale is an electronic way for people to access their accounts to make withdrawals and balance enquiries. Commonly found in department stores, supermarkets, and even restaurants and cafes, EFTPOS is an easy way to pay for any goods or services without the need to visit a branch or even carry cash. EFTPOS is easy to use, with the account holder requiring a card such as a RediCard, to access their account, and a PIN to verify ownership and access to both the card and the account.
Electronic Funds Transfer Point Of Sale. This is an immediate transfer from the customer's savings, cheque or credit account to the vendor's bank account. This service is not available for telephone orders.
This facility lets you use your ATM card (debit card) to purchase goods, pay for services, and withdraw cash at a supermarket, shop, or restaurant. Money is taken out of your bank account immediately to pay for the services.
Electronic Funds Transfer at Point Of Sale - usually the till system at a retail point. Made by companies such as IBM and Fujitsu. In some cases, these till systems are be capable of performing retail stock management and reordering (Also EFT/POS or 'eftpos').