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electronic funds transfer at point of sale

noun
1.
a system for debiting a retail sale direct to the customer's bank, building-society, or credit-card account by means of a computer link using the telephone network Acronym EFTPOS
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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