| 单词 | electronic funds transfer at point of sale |
| 释义 | electronic funds transfer at point of sale = EFTPOS The automatic debiting of a purchase price from the customer's bank or credit-card account by a computer link between the checkout till and the bank or credit-card company. The system depends on a customer's plastic card which is 'swipeds' through a terminal reader machine at the point of sale. This gives authorization and prints a voucher for the customer to sign. For added security, the transactions may also be ratified by the use of a personal identification number (PIN). Transfer of funds to the retailer can take place within 48 hours. |
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