In Australia, Electronic Funds Transfer at Point of Sale (EFTPOS) was first trialled by Woolworths and Westpac bank at BP service stations. All the major banks were soon on board. However, in 1985 Australians were still using cash for 90% of all transactions. The eftpos system, allowing customers to pay by debit card at point … Continue reading 1984 Debit cards and EFTPOS