card based efteft may be begun by a cardholder, Other Subject

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card based efteft may be begun by a cardholder

CARD BASED EFT

EFT may be begun by a cardholder when a payment card for instance a credit card or debit card is used. This might take place at an automated teller machine (ATM) or point of sale (POS), or while the card is not at hand, which covers cards used for mail order, internet purchases and telephone order .

Card-based EFT transactions are frequently covered by the ISO 8583 standard.

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Other Subject: card based efteft may be begun by a cardholder

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