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Slide 1

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· Electronic
· Funds
· Transfer
· Point
· Of
· Sale…read more

Slide 2

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How EFTPOS works
Machine contacts
bank to check
comes to Card is read or details and
checkout swiped ­ details balance
are on magnetic
Shopping scanned strip.
Customer enters PIN
Barcodes being read Prices
totalled Receipt
up issued
Barcode brings up
details of product
from main store Product identified and Money
computer. price shown transferred…read more

Slide 3

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Credit Vs Debit
· Credit card ­ spending someone else's
money, paid back each month.
· Debit card ­ cash coming from your
account in real time.…read more


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