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What does EFTPOS mean?

Looking for the meaning or definition of the word EFTPOS? Here's what it means.

Noun
  1. (banking) Acronym of Electronic Funds Transfer at Point of Sale.
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Examples
The charges related to the dishonest use of a patient's cheques and eftpos account.
The bank said that the app would allow merchants to process EFTPOS payments using both iPhone and Android smart phones.

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