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Electronic funds transfer (at point of sale) |
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Electronic funds transfer (at point of sale)An electronic payment system in which a plastic card is used to purchase goods or services. Subsequently the seller obtains payment by the electronic transfer of funds from the purchaser's card account.Similar MatchesElectronic depository transfersElectronic depository transfersThe transfer of funds between bank accounts through the Automated Clearing House (ACH) system. Stock Exchange Electronic Trading ServiceStock Exchange Electronic Trading ServiceThe automated trading system introduced in 1997 for the largest companies quoted on the main list of the London Stock Exchange. Trades through SETS match buyers and sellers automatically, cutting out the need for a market maker which theoretically means a narrower bid-offer spread. Smaller companies continue to use the SEAQ 'quote' book system, with market makers quoting prices to brokers and trades being done on a semi-automatic rather than fully-automatic basis. Clearing House Electronic Subregister System (CHESS)Clearing House Electronic Subregister System (CHESS)CHESS is the automatic transfer and settlement system for the majority of Australian Stock Exchange (ASX) listed securities. Swiss Electronic Bourse (EBS)Swiss Electronic Bourse (EBS)Computer linking system between the former stock exchange trading floors in Zurich, Geneva, and Basel, Switzerland so that trades can be carried out among traders on all three of the trading floors. Electronic public offeringElectronic public offeringAn initial public offering, or new issue of shares, in which the process of applying for shares is handled electronically (via websites).See 'initial public offering'. Further SuggestionsElectronic Queriable CarrierElectronic Funds Transfer Systems Electronic Data Gathering, Analysis and Retrieval System |
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