Eftposn.

/ˈɛftpɒz/

/ˈɛftpɒs/

Forms: Also EFTPOS, EFT-POS, etc.

Etymology: Acronym < the initial letters of electronic funds transfer at (the) point of sale; compare POS n. at P n. Initialisms.

Finance.

A system of cashless payment in which funds are electronically transferred directly from the customer's account to the retailer's, using the customer's charge or debit card.

ΚΠ

1982 Financial Times 7 June 16/6 Banks have already announced plans to introduce a nationwide system for electronic funds transfer at the point of sale (EFTPOS).

1982 Financial Times 5 Nov. (Suppl.) p. iii/6 There is the obvious possibility of synergy between the bank and the bureau when EFT/POS becomes a nationwide reality.

1985 Electronics Week 4 Mar. 25 [Denmark] is small enough for an electronic funds-transfer system at the point of sale (Eftpos) using existing technology.

1987 Daily Tel. 29 May 19/4 A trial of some 2,000 EFT-Pos terminals is set to take place, some time in the autumn of 1988.

1990 Accountancy Mar. 128/1 An increasing number of credit card transactions are now captured electronically using an Eftpos (electronic funds transfer at the point of sale) terminal.

This entry has not yet been fully updated (first published 1993; most recently modified version published online March 2018).

单词	eftpos
释义	Eftposn. /ˈɛftpɒz//ˈɛftpɒs/ Forms: Also EFTPOS, EFT-POS, etc. Etymology: Acronym < the initial letters of electronic funds transfer at (the) point of sale; compare POS n. at P n. Initialisms. Finance. A system of cashless payment in which funds are electronically transferred directly from the customer's account to the retailer's, using the customer's charge or debit card. ΚΠ 1982 Financial Times 7 June 16/6 Banks have already announced plans to introduce a nationwide system for electronic funds transfer at the point of sale (EFTPOS). 1982 Financial Times 5 Nov. (Suppl.) p. iii/6 There is the obvious possibility of synergy between the bank and the bureau when EFT/POS becomes a nationwide reality. 1985 Electronics Week 4 Mar. 25 [Denmark] is small enough for an electronic funds-transfer system at the point of sale (Eftpos) using existing technology. 1987 Daily Tel. 29 May 19/4 A trial of some 2,000 EFT-Pos terminals is set to take place, some time in the autumn of 1988. 1990 Accountancy Mar. 128/1 An increasing number of credit card transactions are now captured electronically using an Eftpos (electronic funds transfer at the point of sale) terminal. This entry has not yet been fully updated (first published 1993; most recently modified version published online March 2018). < n.1982
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