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Electronic Funds Transfer at Point Of Sale, abbreviated as EFTPOS; (/ ˈɛf (t) pɒs /) 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).
Secure Electronic Transaction (SET) is a communications protocol standard for securing credit card transactions over networks, specifically, the Internet.SET was not itself a payment system, but rather a set of security protocols and formats that enabled users to employ the existing credit card payment infrastructure on an open network in a secure fashion.
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Electronic Fund Transfer Act. An Act to extend the authority for the flexible regulation of interest rates on deposits and accounts in depository institutions. The Electronic Fund Transfer Act was passed by the U.S. Congress in 1978 and signed by President Jimmy Carter, to establish the rights and liabilities of consumers as well as the ...
Consider leaving the physical card at home when you don’t plan to use it. Take advantage of fraud alerts. Contact your bank ASAP for lost cards or suspicious transactions.
A 72-year-old California woman has sued Home Depot for age discrimination and wrongful termination after the retail giant fired her for failing to stop $5,000 in fraudulent transactions.