What exactly is the Australian EFTPOS system?

By | 2016-10-22T07:49:42+00:00 July 19th, 2015|Australia|

EFTPOS (Electronic Funds Transfer at Point Of Sale) is a technology that makes it possible for retailers to directly receive funds from a customer's bank account via their debit card. EFTPOS is the most frequently used payment system in Australia. According to official figures, the system handles approximately 70% of debit card transactions [...]