All Topics  
EFTPOS

 

 
   Email Print
   Bookmark   Link
 

 

EFTPOS
 
 
  Topics EFTPOS Topic Home

EFTPOS (Electronic Funds Transfer at Point of Sale
Point of sale

Point of sale or point of service can mean a retailing, a checkout counter in a shop, or the location where a financial transaction occurs....
) is an Australian and New Zealand
New Zealand

New Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses , and numerous Islands of New Zealand, most notably Stewart Island/Rakiura and the Chatham Islands....
 electronic processing system for credit cards, debit cards and charge card
Charge card

A charge card is a means of obtaining a very short term loan for a purchase. It is similar to a credit card, except that the contract with the card issuer requires that the cardholder must each month pay charges made to it in full?there is no "minimum payment" other than the full balance....
s. EFTPOS also allows users of the system to withdraw cash at the time of purchasing a product or service through the merchant's EFTPOS terminal. This functionality is called debit card cashback
Debit card cashback

Debit card cashback is a service offered to retail customers whereby an extra amount of money is added to the total purchase price of a transaction and the customer receives the extra amount in cash along with their goods....
 in other countries.

The name and logo for EFTPOS in Australia were originally owned by the National Australia Bank
National Australia Bank

National Australia Bank is one of the largest financial institutions and Banking in Australia in Australia in terms of market capitalisation and customers....
 and were trade marks from 1986 until 1991.






Discussion
Ask a question about 'EFTPOS'
Start a new discussion about 'EFTPOS'
Answer questions from other users
Full Discussion Forum



Encyclopedia


EFTPOS (Electronic Funds Transfer at Point of Sale
Point of sale

Point of sale or point of service can mean a retailing, a checkout counter in a shop, or the location where a financial transaction occurs....
) is an Australian and New Zealand
New Zealand

New Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses , and numerous Islands of New Zealand, most notably Stewart Island/Rakiura and the Chatham Islands....
 electronic processing system for credit cards, debit cards and charge card
Charge card

A charge card is a means of obtaining a very short term loan for a purchase. It is similar to a credit card, except that the contract with the card issuer requires that the cardholder must each month pay charges made to it in full?there is no "minimum payment" other than the full balance....
s. EFTPOS also allows users of the system to withdraw cash at the time of purchasing a product or service through the merchant's EFTPOS terminal. This functionality is called debit card cashback
Debit card cashback

Debit card cashback is a service offered to retail customers whereby an extra amount of money is added to the total purchase price of a transaction and the customer receives the extra amount in cash along with their goods....
 in other countries.

The name and logo for EFTPOS in Australia were originally owned by the National Australia Bank
National Australia Bank

National Australia Bank is one of the largest financial institutions and Banking in Australia in Australia in terms of market capitalisation and customers....
 and were trade marks from 1986 until 1991. There are over 60,000 participating EFTPOS outlets in Australia.

European banks and card companies also sometimes reference "EFTPOS" as the system used for processing card transactions through terminals on points of sale, though the system is not the trademarked Australian/New Zealand variant.