EFT, EPOS and EFTPOS

EFT ( ) - is the moving of money from one bank account to another using data communications and without any use of paper. Example - people can be paid their wages direct into a bank account and spen tham without handling any actual money.

EPOS ( ) - most larger shops have EPOS terminals. They are the cash registers which also act as terminals to a main computer system. They produce itemised receipts. When you go to the cashier they often scan a [?] or tag into a machine. This records the sale, identifies the item being sold and sometimes updates a stock list.

EFTPOS ( ) - These are similar to EPOS terminals but with extra features that allow trasnfers of funds from customers bank accounts directly into the shop's bank account when a credit or dbit card is used.


Advantages of EFT and EFTPOS

- Less chance of [?] because no cach is used.
- It is a simple way of trasnferring funds.
- More secure for trasnferring large sums of money.


Disadvantages of EFT and EFTPOS

- Many people don'thave bnk accounts or prefer to use [?] .
- Cards are not practical for buying small items.
- Both buyerand seller have to pay charges for use of the cards.


Changes in Shopping

Shops use IT in a number of ways.

1. Automated data capture is being used at checkouts to provide information to the shop about .
2. Bar code systems allow easier [?] .
3. Customers often use cards for payment.
4. Accounts and stock control are being automated in large shopping chains.
5. Shpping from [?] by the Internet, TV and teletext is now more and more common.


Advantages of computerisation of shopping:

- [?] are shorter because it takes less time to get through the cashier.
- Shop assistant's work is simpler and less [?] are made.
- More [?] stock control.
- Automatic delivey of goods to shop.
- Easier to pay for goods.
- Shops can use cusomer information to improve their service.


Disdavantags of computerisation of shopping:

- Customers may feel that their [?] is threatened by database marketing.
- Shop assistants may feel threatened by computer [?] of their work rate, e.g. their speed at the checkout.
- Small shops often can't affordto take pat in the new systems and can't compete. stock control.
- Automatic delivey of goods to shop.
- Easier to pay for goods.
- Shops can use cusomer information to improve their service.


Disdavantags of computerisation of shopping:

- Customers may feel that their is threatened by database marketing.
- Shop assistants may feel threatened by computer of their work rate, e.g. their speed at the checkout.
- Small shops often can't affordto take pat in the new systems and can't compete.