electronic funds transfer at point of sale

noun

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 networkAcronym: EFTPOS

Nearby words

  1. electronic file cabinet,
  2. electronic flash,
  3. electronic flight information systems,
  4. electronic footprint,
  5. electronic funds transfer,
  6. electronic game,
  7. electronic graphics,
  8. electronic ignition,
  9. electronic imaging,
  10. electronic ink

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012