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Electronic Funds Transfer at Point Of Sale, abbreviated as EFTPOS (/ ˈ ɛ f (t) p ɒ s /), is the technical term referring to a type of payment transaction where electronic funds transfers (EFT) are processed at a point of sale (POS) system or payment terminal usually via payment methods such as payment cards (debit cards, credit cards or gift cards).
Electronic funds transfer at point of sale (EFTPOS) are transfers resulting from credit or debit card transactions initiated through a payment terminal; Web/Internet Online Payments (E-commerce payment system) Wire transfer via an international banking network such as Society for Worldwide Interbank Financial Telecommunication (SWIFT) Real-time ...
Pulse is an interbank electronic funds transfer (EFT) network in the United States.It serves more than 4,400 U.S. financial institutions and includes more than 380,000 ATMs, as well as POS terminals nationwide.
SHAZAM is a United States–based interbank network and EFTPOS network headquartered in Johnston, Iowa that operates primarily in the Midwestern United States.The network was founded in 1976 and is a member-owned financial services and payments processing company.
Accel (formerly known as the ACCEL/Exchange Network) is a North American interbank network owned by Fiserv.It connects over 412,000 automatic teller machines (ATMs) in all 50 states in the United States.
In the UK debit cards (an integrated EFTPOS system) are an established part of the retail market and are widely accepted by both physical and internet stores. The term EFTPOS is not widely used by the public; "debit card" is the generic term used. Debit cards issued are predominantly Visa Debit, with Debit Mastercard becoming increasingly common.