A system for electronic funds transfers (EFT) in which machines are located in a merchant's store and are activated by the consumer's identification card and code is:

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POS (Point of Sale) systems are electronic systems located in a merchant's store, allowing for electronic funds transfers (EFT) when activated by a consumer's identification card and personal identification number (PIN) or code.

A System for Electronic Funds Transfers (EFT) in Which Machines