- EFTPOS
:"This article is for the proprietary system. For a generic discussion see
Electronic funds transfer EFTPOS (short for "Electronic Funds Transfer at
Point of Sale ") is anAustralian andNew Zealand electronic processing system forcredit cards ,debit cards andcharge cards . [ [http://www.boq.com.au/business_merchant_eftpos.htm EFTPOS. Merchant banking services. EFTPOS. Bank of Queensland Australia ] ]EFTPOS also allows users of the system to withdraw cash at the time of purchasing a product or service through the merchant's EFTPOS terminal. [ [http://www.nab.com.au/Personal_Finance/0,,9493,00.html Nab - Eftpos ] ] This functionality is called
debit card cashback in other countries.The name and logo for EFTPOS in Australia were originally owned by the
National Australia Bank and weretrade mark s from1986 until1991 [ [http://pericles.ipaustralia.gov.au/atmoss/falcon_details.show_tm_details?p_tm_number=449716&p_search_no=2&p_ExtDisp=D&p_detail=DETAILED&p_rec_no=10&p_rec_all=20 ATMOSS - Australian Trade Mark Online Search System ] ] . There are over 60,000 participating EFTPOS outlets in Australia. [ [http://www.nab.com.au/Personal_Finance/0,,9493,00.html Nab - Eftpos ] ]European banks and card companies also sometimes reference "EFTPOS" as the system used for processing card transactions through terminals on points of sale, though the system is not the trademarked Australian/New Zealand variant.
References
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