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The Epic Interactive Encyclopedia 1998
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Epic Interactive Encyclopedia, The - 1998 Edition (1998)(Epic Marketing).iso
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1992-09-02
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Abbreviation for Electronic Funds Transfer at
Point Of Sale the transfer of funds from one
bank account to another by electronic means.
For example, a bank customer inserts a
plastic card in a point-of-sale computer
terminal in a supermarket, and telephone
lines are used to make an automatic debit
from the customer's bank account to settle
the bill. See also credit card.