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EFTPOS information


Varieties of EFTPOS terminals in Singapore
EFTPOS terminal in a restaurant at Toronto Airport

Electronic funds transfer at point of sale (EFTPOS; /ˈɛf(t)pɒs/) is an electronic payment system involving electronic funds transfers based on the use of payment cards, such as debit cards or credit cards, at payment terminals located at points of sale. EFTPOS technology was developed during the 1980s.

In Australia and New Zealand, it is also the brand name of a specific system used for such payments; these systems are country-specific and do not interconnect. Other countries use different brand names for their EFTPOS systems, such as NETS in Singapore. Since the early 2010s, country specific EFTPOS systems have been overtaken by global EMV based systems with contactless payments or QR code payment systems.

The payment cards used by EFTPOS systems are plastic cards complying with ISO/IEC 7810 ID-1 standard that have a bank card number conforming with the ISO/IEC 7812 numbering standard.

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EFTPOS

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different brand names for their EFTPOS systems, such as NETS in Singapore. Since the early 2010s, country specific EFTPOS systems have been overtaken by...

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Debit card

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transactions were made by EFTPOS, with an average of 306 EFTPOS transactions being made per person. At the same time, there were 125,000 EFTPOS terminals in operation...

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Payment terminal

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point of sale (POS) terminal, credit card machine, card reader, PIN pad, EFTPOS terminal (or by the older term as PDQ terminal which stands for "Process...

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Credit card imprinter

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and airplanes, or as a backup system in case of payment terminal failure. EFTPOS Payment terminal "Knuckle Buster". Investopedia. Retrieved 2021-09-15. "What...

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Tyro Payments

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financial institution (neobank) specialising in merchant credit, debit and EFTPOS acquiring. Tyro was founded in 2003 by Peter Haig, Andrew Rothwell and Paul...

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Electronic funds transfer

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(ACH) E-commerce payment system Electronic funds transfer at point of sale (EFTPOS) Immediate Payment Service Interbank network Payment system Real time gross...

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ISO 8583

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transactions made when a customer uses a card to make a payment in a store (EFTPOS) use ISO 8583 at some point in the communication chain, as do transactions...

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Ingenico

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Ingenico's suite of EFTPOS (Electronic funds transfer at point of sale). In 2008, Ingenico acquired 55% of Fujian Landi, a Chinese EFTPOS vendor. In 2009...

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Live group

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of pocket as Eftpos rivals excluded Fee cap serves only Cabcharge, says Ingogo founder EFTPOS Solutions Qantas Business Rewards Live eftpos black: Rewards...

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Interbank network

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MasterCard/Visa for EFTPOS transactions. Some banks (such as BanReservas) issue ATH-only cards which use the ATH network for both ATM and EFTPOS transactions...

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New Payments Platform

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eftpos and NPPA Australian Competition & Consumer Commission 9 September 2021 Barbaschow, Asha (8 September 2021). "ACCC gives green light to Eftpos'...

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Interac

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States at merchants on the NYCE network. IDP is similar in nature to the EFTPOS systems in use in the United Kingdom, Australia and New Zealand. Interac...

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BPAY

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Competition & Consumer Commission (ACCC) authorised the proposed merger of Eftpos with BPAY Group Holding Pty Ltd and NPP Australia Ltd, better known as the...

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Commercial bank

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Bank drafts and Bank cheques Processing payments via telegraphic transfer, EFTPOS, internet banking, or other payment methods. Along with core products and...

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ASB Bank

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a branchless banking service that provided service via phone, Internet, EFTPOS and ATMs only. ASB was established in 1847 as the Auckland Savings Bank...

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ATM card

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networks before evolving into full-fledged debit card networks that include eftpos facilities. The first ATM cards were issued in 1967 by Barclays in London...

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UnionPay

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bank of China). It is also an electronic funds transfer at point of sale (EFTPOS) network, and the only interbank network in China that links all the automatic...

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Mobile banking

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remotely, analogously to the use of a debit or credit card to effect an EFTPOS payment. The earliest mobile banking services used SMS, a service known...

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List of banks in Singapore

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achieved with five of the QFBs through atm5), and provide services via the EFTPOS network from 1 July 2002. On the same day, they are also permitted to provide...

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Year 2000 problem

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January 2010 from the year 2010 to 2016. Other systems affected include EFTPOS terminals, and the PlayStation 3 (except the Slim model). The most important...

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NYCE

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financial institutions in the United States and Canada. NYCE also serves as an EFTPOS network for NYCE-linked ATM cards. NYCE is based in Secaucus, New Jersey...

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Westpac

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network of 877 branches, third-party distributors, call centres, 1,637 ATMs, EFTPOS terminals and internet banking services. The Business Bank is responsible...

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List of business and finance abbreviations

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Electronic Data Interchange EFSM – European Financial Stabilisation Mechanism EFTPOS – Electronic Funds Transfer at Point of Sale EIDL – Economic Injury Disaster...

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Visa Debit

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same plastic card that allows access to ATM and any domestic networks like EFTPOS or Interac. In many countries the Visa Debit functionality has been added...

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Payment system

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transfer Giro Immediate Payment Service Interbank Network (ATM / EFT / EFTPOS ) List of on-line payment service providers National Automated Clearing...

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Express Payment System

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Today[when?], it is the EFTPOS system of the Expressnet interbank network in the Philippines. The system is the most popular EFTPOS system for ATM cardholders...

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