Cashback

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Definitions
Cashback
Cashback Electronic Funds Transfer at Point of Sale (EFTPOS) Retail Transactions Debit Cards Credit Cards Financial Services Consumer Payments Point of Sale
Cashback refers to the option given to customers to receive cash back while making a purchase with a debit or credit card at a point-of-sale terminal.
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Definitions
Electronic Funds Transfer at Point of Sale (EFTPOS)
EFTPOS Electronic Funds Transfer Point of Sale Debit Card Credit Card PIN Cashback Payment Systems
EFTPOS is the automatic debiting of a purchase price from a customer's bank or credit-card account through a computer link between the checkout till and the bank or credit-card company, often involving chip-and-PIN systems for secure transactions.
Read more about Electronic Funds Transfer at Point of Sale (EFTPOS).

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