<Business, real-time> A method of electronic payment which allows money to Be transferred from the account of the shopper to the merchant in close-to real-time. Generally the shopper will give the merchant a credit or deBit card, which will Be swiped to oBtain the account information. The shopper will then Be required to either sign a receipt or enter a PIN via a keypad to authorise the transaction. (2003-06-22)