EFTPOS (abbreviation for “electronic funds transfer at the point of sale” and also usually just said that way in German)

Payment system used primarily in the retail trade. When cash cards are used, the payment data is recorded in data terminals, forwarded electronically to the account-holding bank and processed there. – See rejection, community card, computer payment, chip card, money, electronic, card, multifunctional, card use file, small-value payment systems, network money business, pay-green initiative, passbook, ticketing, electronic. – Cf. Deutsche Bundesbank Monthly Report, June 2014, p. 71 et seq. (cash withdrawals at the point of sale; detailed presentation; numerous overviews).

Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/