Title :
EFTPOs: electronic funds transfer at point of sale
Author_Institution :
Polytech. of North London, UK
Abstract :
The concept of EFTPOS is introduced and its development from cash dispensers and credit cards through smart cards to the concept of a single, universal multifunction card is outlined. Such a card could subsume the array of cards that many individuals now possess, as well as contain advanced features. The article includes an examination of the main technologies used with a strong emphasis on the security measures employed, since fraud is a major concern
Keywords :
EFTS; point of sale systems; EFTPOS; cash dispensers; credit cards; electronic funds transfer at point of sale; fraud; security measures; smart cards;
Journal_Title :
Electronics & Communication Engineering Journal
