Electronic Monetary Processing

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What does EPOS stand for?
Electronic Point Of Sale
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What does EFTPOS stand for?
Electronic Funds Transfer Point
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What is an EPOS terminal?
A till that is connected to a computer with a barcode reader.
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What is an EFTPOS terminal?
A till that has a computer with a barcode reader anf it can transfer money from bank accounts electronicaly.
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What are EFTs and what are they used for?
Electronic Funds Transfers can be used for regular payments e.g. monthly morgage, rent or electricity payments or for collecting money from customers using direct debit
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Other cards in this set

Card 2

Front

What does EFTPOS stand for?

Back

Electronic Funds Transfer Point

Card 3

Front

What is an EPOS terminal?

Back

Preview of the front of card 3

Card 4

Front

What is an EFTPOS terminal?

Back

Preview of the front of card 4

Card 5

Front

What are EFTs and what are they used for?

Back

Preview of the front of card 5

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