Electronic Funds Transfer Point of Sale
<business, real-time> A method of electronic payment which allows money
to be transferred from the account of the shopper to the merchant in close-to
real-time. Generally the shopper will give the merchant a credit or debit card,
which will be swiped to obtain the account information. The shopper will then be
required to either sign a receipt or enter a PIN via a keypad to authorise the
transaction.
(2003-06-22)
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Electronic Design Automation « Electronic Frontier
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