EFTPOSnoun [ U ]
uk/ˈeftpɒz/usBANKING, COMMERCE abbreviation for electronic funds transfer at point of sale: a system of paying for goods or services in shops using a bank card or a credit card, so that the money is paid directly from the buyer's bank account to the shop's bank account:
EFTPOS could disappear from corner stores as bank charges for the service double.