EFTPOS definition

EFTPOS means electronic funds transfer at point of sale.
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EFTPOS means Electronic Funds Transfer at the Point of Sale and allows you to pay for goods without the need to carry cash, and in some instances to withdraw cash from your account without the need to visit a branch.
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EFTPOS means a point of sale electronic banking facility available at retail or wholesale outlets.
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Examples of EFTPOS in a sentence

  • Moreover, the Cardholder is informed of every transaction by means of receipts printed by ATMs and EFT/POS terminals as the case may be.

  • Contactless transactions are effected when the Cardholder holds the Card in front of a contactless EFT/POS terminal and the Card is recognized and the transaction recorded.

  • If the contactless transaction amount exceeds the limit notified to the Cardholder upon filing the Card application or in the letter accompanying the Card (the "PIN-free Contactless Transaction Limit" or the "Limit"), the Cardholder is required to type the PIN or sign the receipt issued by the respective contactless EFT/POS terminal to approve and complete such transaction.

  • At retailers/firms where contactless EFT/POS terminals are available, the Cardholder can choose to use the Card as in the other businesses, i.e. by inserting it in the EFT/POS terminal and typing the PIN or signing the receipt issued by the said terminal.

  • Printed confirmation of the Cardholder's orders is issued for each EFT/POS transaction, as far as this is technically possible.


More Definitions of EFTPOS

EFTPOS means Electronic Funds Transfer at Point of Sale. eftpos transactions include transactions completed by using the PIN option at a point of sale merchant terminal after selecting either the Cheque or Savings account option or using contactless payment option where the merchant has chosen to route the transaction via the eftpos payment network.
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EFTPOS means electronic funds transfer at the point of sale—a network for facilitating transactions at point of sale;
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EFTPOS means Electronic Funds Transfer at Point Of Sale.
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EFTPOS means Electronic Funds Transfer at Point of Sale whereby funds are debited from your nominated Loan Account or 24 Hour Banking Account at the point of sale to pay for goods or services or where funds are withdrawn at your request. For a Contactless Purchase funds will be debited from your Loan Account.
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EFTPOS means a point of sale electronic payment facility available at retail or wholesale outlets operated by EFTPOS Payments Australia Limited ACN 136 180 366.
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EFTPOS means the Electronic Funds Transfer at Point of Sale system;
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EFTPOS means Electronic Funds Transfer at Point Of Sale whereby funds are debited from your nominated Card Account at the point of sale to pay for goods or services or where funds are withdrawn at your request. For a Contactless Purchase funds will be debited from your Credit Card Account.
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