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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).
PAX Technology S90 credit card terminal with a Visa card inserted.. A payment terminal, also known as a point of sale (POS) terminal, credit card machine, card reader, PIN pad, EFTPOS terminal (or by the older term as PDQ terminal which stands for "Process Data Quickly" [1]), is a device which interfaces with payment cards to make electronic funds transfers.
The National Student Loan Data System (NSLDS) is the U.S. Department of Education’s (ED) central database for Federal Student Aid. [1] NSLDS receives data from schools, guaranty agencies, the Direct Loan program , and other ED programs.
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.
The Express Payment System, more commonly known as the EPS, was the EFTPOS system originally of the ATM cards of Bank of the Philippine Islands and its subsidiaries, BPI Family Savings Bank and BPI Direct Savings Bank. Today [when?], it is the EFTPOS system of the Expressnet interbank network in the Philippines. The system is the most popular ...
EFTPOS (Electronic Fund Transfer Point of Sale) and ATM transactions (also called CS3) [9] occur over the EFT network. Clearing and settling of EFTPOS and ATM transactions are regulated by the AusPayNet as the Consumer Electronic Clearing System (CECS). Between 2005 and 2015, ATM withdrawals dropped by 11.5% but increased 5.1% in value.
In September of the same year, the British arms of the National Australia Bank, namely Clydesdale Bank and Yorkshire Bank, started the process of replacing the Maestro card with a Debit Mastercard for their current accounts, except for the Readycash and Student accounts, for which the Maestro card continued to be issued until 2015.
However, younger users can still have access to Google Pay if a parent or guardian manages Wallet for them, and utilizes an approved bank (currently only available on the Fitbit Ace.) [5] Users can add payment cards to the service by taking a photo of the card, or by entering the card information manually.