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

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- Post ID: 592700
- Modified: 2023-07-25T20:59:39+00:00
- Language: en

## Definition

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/

## Machine-readable

- Generator: Merk Knowledge 2.0.0