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From The Free On-line Dictionary of Computing (05 January 2017) [foldoc]:
Electronic Funds Transfer Point of Sale
EFTPOS
A method of electronic payment which
allows money to be transferred from the account of the shopper
to the merchant in close-to real-time. Generally the shopper
will give the merchant a credit or debit card, which will be
swiped to obtain the account information. The shopper will
then be required to either sign a receipt or enter a PIN via
a keypad to authorise the transaction.
(2003-06-22)