WinTill :: Knowledge Base

All 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Word Description
EFT Electronic Funds Transfer - The process of transferring funds to/from accounts electronically, typically used for receiving credit or debit card payments from customers either in-store at the POS terminal or via the web for internet sales.
EPOS Electonic point of sale - this relates to the hardware and software that comprises the device used to serve a customer and can be either fixed or mobile, people often use the term 'EPOS System' when referring collectively to the various elements including stock control, sales, promotions, user management, stock taking, reporting etc.. that comprise a complete retail management suite.