Introducing EFTPOS
EFTPOS (Electronic Funds Transfer at Point of Sale) is Australia's leading payment scheme, enabling real-time connections between retail environments and banking systems for immediate fund withdrawals.
Launched in the 1980s, EFTPOS operates on over 1 million terminals and has issued more than 60 million cards, processing over 2 billion transactions annually. The majority of these debit cards are co-branded with Visa and Mastercard, allowing for transactions through both EFTPOS and major international schemes.
Advantages of EFTPOS
- Transaction Efficiency: quick processing times enhance customer experience and streamline business operations,
- Financial optimization: accepting this local payment scheme can lead to lower fees
- Security Protocols: adherence to strict security standards protects transaction information and helps prevent fraud,
- Multiple Payment Options: EFTPOS supports various payment types, offering flexibility for customers and businesses,
- Integration with Business Systems: EFTPOS systems can be integrated with business management tools for reporting and inventory control,
- Support for Loyalty Programs: Businesses can incorporate loyalty programs into EFTPOS transactions to improve customer retention.
EFTPOS continues to play a vital role in Australia's payment landscape, offering efficient, secure, affordable and versatile solutions for consumers and businesses alike.
We support our clients to penetrate the Australian market by supplying the eftpos contactless kernel. Moreover, for a SoftPOS solution, we obtained the EMV Level 2 certification, so our clients can undergo directly to the Level 3 certification. Therefore, it shortens their time-to-market when deploying this payment scheme.
Feel free to reach out to our team to have more information : contact@amadis.ca
