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
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Nearby words
electronic file cabinet, electronic flash, electronic flight information systems, electronic footprint, electronic funds transfer, electronic funds transfer at point of sale, electronic game, electronic graphics, electronic ignition, electronic imaging, electronic ink
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