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Electronic fund transfer machine, 1998.
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Titel Electronic fund transfer machine, 1998.
Caption Electronic fund transfer (EFT) machines allow a financial transaction to take place between parties without the need for any money or a cheque to change hands physically. The purchaser’s credit or debit card is passed through the slot on the top of the machine, which reads information off the magnetic strip on the card. An electronic signal then automatically causes the money to be debited from the purchaser’s account and credited to that of the vendor, and a receipt recording the transaction is printed for both parties’ records. The use of EFTs has dramatically reduced the number of transactions using cash or cheques, leading to speculation that in the future physical money will disappear altogether. Made by Verifone., 6983636
Aufnahmedatum 01.01.2009
Bildnachweis Science & Society / FOTOFINDER.COM
Bildname 10315120
Bildgröße 3504px x 2730px, 29,70 cm x 23,10 cm (300 dpi)
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Land United Kingdom
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Fotofinder.com Bildnummer 6983636 / 0836DFE1F0D5C6AC
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