228153
Electronic monetary processing
- EFT & EFTPOS
- EFT - Electronic Funds
Transfer
- No cash changes hand
- No cash changes hand
- EFTPOS - Electronic Funds Transfer point of sale
- it is a computer including a barcode scanner and a chip and PIN terminal
- it is a computer including a barcode scanner and a chip and PIN terminal
- Money is transferred
electronically
- EFT - Electronic Funds
Transfer
- Barcode Technology
- Consists of digits encoded as a series of light and dark vertical bars of varying width
- Can be read by a laser scanner that uses a laser beam to read and enter the code details automatically
- Information on barcode
- a product code
- manufacturer code
- country of origin code
- check digit
- a product code
- when barcode is scanned at EFTPOS
- 1. the barcode scanner
reads the barcode
- 2. barcode is sent to
the computer
- 3. computer uses the
barcode to search for
stock file
- 4. product price and product description are sent back
- 5. the branch computer updates the stock level to that one has been sold
- 6. product price and description are displayed
- 7. scanned barcode cannot be matched with any item in the stock file, an error message is displayed
- 1. the barcode scanner
reads the barcode
- Consists of digits encoded as a series of light and dark vertical bars of varying width
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