Meaning Of The Word Electronic funds transfer at point of sale

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Electronic funds transfer at point of sale Meaning

Electronic funds transfer at point of sale Definition
Electronic funds transfer at point of sale Definition

What's The Definition Of Electronic funds transfer at point of sale?

electronic funds transfer at point of sale in British English
noun: a system for debiting a retail sale direct to the customer's bank, building-society, or credit-card account by means of a computer link using the telephone network

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