Eftpos in a sentence

Although the term eftpos is popularly used to describe the system, EFTPOS is a trademark of EFTPOS New Zealand the smaller of the two providers.

Fixed EFTPOS terminals in most businesses utilise the public switched telephone network to contact the EFTPOS network, either utilising dedicated phone lines or sharing the merchant's voice line (especially in smaller businesses).

In April 2009, a company, “eftpos Payments Australia Ltd” (ePal) was formed to manage and promote the eftpos system in Australia.

In Australia, the major Australian banks started issuing debit or EFTPOS cards (each under a different brand name) starting in 1986 and merchants started installing EFTPOS terminals at the same time.

The major Australian banks started issuing debit or eftpos cards (each under a different brand name) starting in 1986 and merchants started installing eftpos terminals at the same time.

These networks are operated by MasterCard and Visa, and not by the banks as is the eftpos network, through eftpos Payments Australia Limited (ePAL).

Eftpos will be available.

However, Telstra does not operate the EFTPOS network; it is operated by financial institutions.

Consumers are also strongly urged to enquire with the traders whether they add surcharges when using the EFTPOS for purchases.

In the following pages we hope to bring to life the history of EFTPOS, and to share some of the stories we’ve heard along the way.

More than a year after the Opal network was opened up to accept international card schemes to pass through public transport barriers, a senior Transport for NSW official has confirmed eftpos gate functionality is coming, and it has a go-live date.

It comes after payments specialist Tyro last month also launched a product allowing merchants to send their tap and go payments via eftpos.

A feature of a debit card is that an eftpos transaction will only be accepted if there is an available credit balance in the bank cheque or savings account linked to the card.

After a short processing time in which the terminal contacts the EFTPOS network and the bank, the transaction is approved (or declined) and a receipt is printed.

All banks offer a debit card suitable for EFTPOS with current accounts.

All the merchant's EFTPOS transactions are processed through one of these gateways.

As a further security measure, if a user enters an incorrect PIN three times, the card may be locked out of EFTPOS and require reactivation over the phone or at a bank branch.

As a result, growth and market penetration of EFTPOS was minimal up to the turn of the century.

As of 2005, most stores and petrol outlets have EFTPOS facilities.

BancNet introduced their point of sale system in 1994 as the first consortium-operated EFTPOS service in the country.