Who are Receipt Reliance and what is EFRTS™ Receipt Reliance is a private company that has been formed to promote and encourage the electronic storage of receipts at a customer’s bank or financial institution. Such promotion will be targeted at both the banks and financial institutions and also to their customers, who we expect will demand such a service, given the nature of technology available
to us today to do such things. EFRTS™ (Electronic Funds & Receipt Transfer System) is the patent for a system and a method of capturing the receipt data electronically at point of sale, either in-store or online, and then using the existing “Payment System” infrastructure to transmit that electronic receipt to a storage location at the customers bank or via another storage location on behalf of the bank. When implemented, the electronic receipt will be linked to the payment data that is already available to customers now via their online banking facilities. Imagine a system where all your card payment receipts are sent to your bank account as digital receipts. Imagine being able to select any particular transaction and see all the details associated with it as a complete receipt, just like the paper one would have been in the store. Add in options such as “sort and filter by date, transaction type, amount and text” plus 'Save', 'Print', and 'Email' to give you complete control and flexibility. We trust banks with our money - lets trust them with our receipts. EFRTS™ is the logical solution to keep your receipts safe and easily accessible. You only need to look in one place – your online bank account. Remember how EFTPOS revolutionised the way we make payments, now EFRTS™ will revolutionise the way we keep track of them.