Comparing VISA Debit Cards and EFTPOS Cards

VISA debit cards are similar to Electronic Funds Transfer at Point of Service cards (EFTPOS), in that they let cardholders conveniently access funds at retail shops and ATMs.

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How EFTPOS cards work

EFTPOS, or Electronic Funds Transfer at Point of Service, is the backbone of the debit card system. To the consumer the EFTPOS system seems simple.  They present a card, it gets confirmed by either a signature or a pin number and then they have the good while their bank account decredebiases by this price.  In [...]

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