English version


From Longman Business Dictionary
Related topics: Banking, Computers
EFTPOSEFTPOS /ˈeftpɒs-pɑːs/ noun [uncountable] BANKING Electronic Funds Transfer at Point of Sale; a system in Britain for paying for goods without using cash or cheques. The buyer’s DEBIT CARD or CREDIT CARD is put into a special machine connected to a central computer that automatically takes money out of their account and puts it into the seller’s account
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