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Home > Financial dictionary > E > Electronic Funds Transfer At Point-of-sale (EFT-POS)

Electronic Funds Transfer At Point-of-sale (eft-pos)

Definition of Electronic Funds Transfer At Point-of-sale (eft-pos)

Online-transaction handling system commonly used in retail trade. The buyer swipes his or her bank or credit card through a magnetic-stripe reader and enters a personal identification number (PIN). The amount authorized by the buyer is electronically transferred from his or her account to that of the retailer.

You Can also Search For

Electronic Fund Transfer

Electronic Money

ELECTRONIC FUNDS TRANSFER

Bill Of Lading Electronic Registry Organization (BOLERO)

electronic

electronic banking

electronic bill payment

electronic bill presentment and payment

electronic business (E-Business)

electronic cash

Debt funds/ securities

Fund of Funds (FOF)

Growth funds

Income funds

Sector funds

Tax-efficient funds

AVERAGE FUNDS EMPLOYED

CAPITAL FUNDS

COST OF CAPITAL/FUNDS

FUNDS TRANSFER

INVENTORY TRANSFER

MANDATORY TRANSFERS

OPERATING TRANSFER

TRANSFER JOURNAL ENTRY

TRANSFER PRICE

airport transfer

automatic transfer of funds

Accelerated payment of basic cover

Accidental death benefit

Account statement

Accumulated Depreciation

Anticipated Endowment

Application for reinstatement

Appreciation

Asset allocation

Capital appreciation

Capitalization

Breakeven Point

Basis point

BASIS POINTS

BREAK-EVEN POINT

EQUILIBRIUM POINT

FOB POINT OF ORIGIN

INDIFFERENCE POINT

POINT OF

POINTS

SHIPPING POINT

Applicant / owner / life of another

Ask or offer price

Bid / offer spread

Certificate of Deposit (CD)

Chart of Accounts

Cost of Goods Sold

Cost of Sales/Services (COS)

Date of commencement

Doctrine of Utmost Good Faith

Contingent Deferred Sales Charge (CDSC)

Days Sales Outstanding (DSO)

Gross Sales

Net Sales

Sales

Sales charge

ACCOUNTS PAYABLE TO SALES

ASSET SALE

ASSETS HELD FOR SALE

EFT

THEFT

anti-theft device

auto anti-theft device

cybertheft

electronic funds transfer (EFT)

full theft cover

Fixed deposit

Time deposit

Demand Deposits

Saving Deposits

Term Deposits

Ex post Income

COMPOSITE FINANCIAL STATEMENT

CUSTOMER DEPOSIT

DEMAND DEPOSIT

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Financial Dictionary

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