A) Internet Banking
B) Account Payee Cheques
C) Letter of Credit
D) Debit and Credit Cards
E) Order and Bearer Cheques
Correct Answer: D
Solution :
EFTPOS (electronic funds transfer at point of sale) is an electronic payment system involving electronic funds transfers based on the use of payment cards, such as debit or credit cards, at terminals located at points of sale. Under this system, the buyer swipes his or her bank or credit card through a magnetic-stripe reader and enters a personal identification number (PIN). The amount authorized by the buyer is electronically transferred from his or her account to that of the retailer.
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