EFTPOS

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.