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EFTPOs: electronic funds transfer at point of sale

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1 Author(s)
Read, R.J. ; Polytech. of North London, UK

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

Published in:

Electronics & Communication Engineering Journal  (Volume:1 ,  Issue: 6 )