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For about three decades, consumers and merchants have trusted eftpos as a safe, convenient and efficient method of payment. Launched in the 1980s, eftpos introduced a fast, simple and secure payment system which was rapidly embraced by both shoppers and merchants. eftpos revolutionised the way we pay for goods and services, and as a result changed the retail landscape forever. Today, eftpos competes in an ever-changing, dynamic environment against a number of payment systems. eftpos is an unlisted public company*, owned and operated by Australians and is an essential and valuable part of the fabric of everyday Australian life. In 2016/17, Australian consumers performed more than 2 billion eftpos transactions worth more than $130 billion at more than 900,000 eftpos terminals.