The Electronic Funds Transfer Association has renamed its Point of Sale Special Interest Group the Point of Interaction Special Interest Group.

The new title represents the broader scope of technology for all electronic transactions, such as the Internet, the association said.

A sub-group will be formed to concentrate on advanced technologies, emerging applications, and vendor equipment involving payment cards.

The phrase "point of interaction" has also been adopted by MasterCard International to accommodate the diversity of delivery methods and devices.

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