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EFTPOS, eftpos /’ɛftpɒs/
(uncountable noun) Usage note: This is the usual term used by all speakers.
An abbreviation standing for Electronic Funds Transfer at Point of Sale. If you pay by EFTPOS then you put a bank card into a small machine and enter a PIN (Personal Identification Number) instead of using cash. The abbreviation can be written in lower case or capital letters, and sometimes only the first letter is written with a capital.
Example: Unfortunately we can’t accept credit cards or Eftpos at this time, so all transactions must be cash only. (http://anzas-yule.com.cn/hp/newstudent/)
A market stall that takes payment by eftpos
(photo by Julia Miller)