Electronic Funds Transfer at Point of Sale
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MONASH Marketing Dictionary
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Electronic Funds Transfer at Point of Sale
a system commonly used in retailing in which a consumer pays for purchases by means of an electronic transfer of funds from his or her bank account to that of the store.
2004 (c) Copyright & Reprint Courtesy of the Dept. of Marketing,
Faculty of Business and Economics
, Monash University; edited by Mr. Don Bradmore.
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