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 Matches

Electronic depository transfers

Electronic depository transfers

The transfer of funds between bank accounts through the Automated Clearing House (ACH) system.


Stock Exchange Electronic Trading Service

Stock Exchange Electronic Trading Service

The 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 offering

Electronic public offering

An 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 Suggestions

Electronic Queriable Carrier
Electronic Funds Transfer Systems
Electronic Data Gathering, Analysis and Retrieval System


 
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