What is another word for EFTPOS?
Pronunciation: [ˈɛftpə͡ʊz] (IPA) 
EFTPOS, or Electronic Funds Transfer at Point of Sale, is a term commonly used in Australia and New Zealand to describe the electronic payment system used in retail stores. However, there are a number of synonyms for the term that are used around the world. In the United States, the term "POS" or Point of Sale is often used, while in Europe, the term "Chip & Pin" is commonly used to describe the system. Other common synonyms include "Debit Card Payment System" and "Card Reader System". While the terminology may vary, the basic concept remains the same; a secure electronic payment system that allows consumers to make purchases using their bank card.
