Popular in Many Countries

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Popular in many countries:

EFTPOS have become so popular all over the world that some individuals fear we are soon becoming a cashless society. In 2003, EFTPOS usage increased over 103% worldwide. With the improvements of the wireless connection or WI-FY, EFTPOS have become so commonly placed that it has become a necessity to advertise, cash only, or No EFTPOS available in certain areas. Taxi companies, food delivery services, and stallholders
at festivals are now using mobile EFTPOS, bringing us ever so closer to a cashless society.

EFTPOS work when the amount of the transaction is entered, the customer then swipes their card through the card reader. The account number is then transmitted to the banking institute's mainframe where it waits for a code or PIN (Personal Identification Number) to be entered by the customer before the transaction can be completed.  There is usually a short delay as the EFTPOS terminal contacts the server before the transaction is accepted or declined. During peak shopping times, such as the day after Thanksgiving, the start of the Christmas season, the system may overload causing delays and even time out, during these times unfortunately there is nothing that can be done? except to revert back to writing a check or paying cash.
 

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