a card issued by a bank or financial institution and accepted by a merchant in payment for a transaction. Unlike the procedure with a credit card, purchases are deducted from the cardholder's account, as with a check, when the transaction takes place.
Wiktionary Definition for: Debit Card
A card much like a credit card, but takes money directly from the bank account rather than borrowing money at a rate of interest, and uses a PIN instead of a signature
This article is on debit cards. Debit cards are also known as check cards. Debit cards look like credit cards or ATM automated teller machine cards, but operate like cash or a personal check. Debit cards are different from credit cards. While a credit card is a way to "pay...
With debit card payments having recently topped cash as Canadians' favourite way to pay for purchases, CIBC wanted to upgrade its existing level of debit card fraud detection to better protect customers and mitigate risk for the bank. CIBC selected ACI Proactive Risk Manager for Debit Card Fraud Detection, a...
If you routinely charge plane tickets to a debit card, stop. The New York Times explains why you should always use a credit card for your flight purchases: Under the federal Fair Credit Billing Act, a credit card company is required to return your money for a service not...
NEW YORK and HOUSTON--BUSINESS WIRE--Feb. 22, 1999--The Chase Manhattan Bank (NYSE:CMB) and Continental Airlines (NYSE:CAI.B and CAI.A) announced that they are launching the first co-branded debit card. The new Chase/Continental Banking Card is the only co-branded debit card to offer consumers the opportunity to earn frequent flyer miles by using...
Debit cards are overtaking credit cards as the most prevalent form of electronic payment at the point of sale, yet the determinants of a ubiquitous consumer choice "debit or credit?" have received relatively little scrutiny. Several stylized facts suggest that debit-card use is driven by behavioral factors. The paper documents...
BUFFALO, N.Y.--BUSINESS WIRE--Dec. 11, 1995--Marine Midland Bank announced today that it has launched the MarineR MasterMoneyTM card, a new debit card which combines the features of a standard ATM card with the buying power of a MasterCard credit card.
This paper gives details about the Debit Cards and consumers choice. Consumers actually use a particular credit/debit/ATM card more often when allowed to select its design. To meet ongoing consumer demand, Personix has added five more designs to its Card Collection offering. The Card Collection is made up of 35...
Visa has announced a new debit card campaign targeting the Hispanic community. Featuring a mix of Spanish language television, radio, and print advertisements, the campaign marks the second time that Visa has reached out directly to the Hispanic market. A similar campaign touting Visa's debit and credit card products was...
Marketechnics Booth #240 -- HAC Inc, operator of 67 supermarkets throughout Oklahoma and Kansas, including 49 Homeland Stores, is now launching its own branded debit card, the One Card Plus, in five of its locations. Homeland is using the Debitman Card, Inc. payment network to issue the new cards.
Credit and especially debit card transactions are on the rise worldwide. Interchange fees are an integral part of the pricing structure of credit and debit card transactions. Indirectly paid by merchants to card issuers, interchange fees in most co Credit and especially debit card...
The U.S. payments system is going through a period of rapid change. Paper checks are increasingly giving way to electronic forms of payment, which themselves are being transformed as new products, new players, and new industry structures arise. Some of the most dramatic changes are being seen in the automated...
Discover Financial Services is getting into the debit card business. An exec with the Riverwoods firm says debit card transactions will increase at up to four times the rate of credit cards. So far, an Oklahoma bank is the only financial institution Discover Financial Services...
LAS VEGAS -- PTS Inc. (OTCBB: PTSN) announced today that Global Links Card Services Inc. ("GLCS"), a wholly owned subsidiary of PTS Inc., has received final approval from Visa for issuing its privately branded VisaTM Debit Card. The card will be available through distributors in the near future and allows...
Small retailers may become eligible to join a class-action antitrust lawsuit aimed at breaking what critics call the near-monopoly grip held by Visa International and MasterCard International on debit-card transactions. Some merchants complain that they are forced by Visa and MasterCard to accept those companies' debit cards even though their...
Apr. 8--PEOPLES FEDERAL OFFERS DEBIT CARD Peoples Federal Savings & Loan is offering a new debit card called the Check 24 Card. The card has a Visa logo and can be used anywhere a Visa card is accepted. But the Check 24 Card acts like a check...
NEW YORK--BUSINESS WIRE--Aug. 6, 1998--The government's credit-card probe is picking up a new trail. The Federal Trade Commission, according to industry consultants and lawyers, has begun looking at Visa's plans for its new debit card, called an "online card." The August 17 issue of Business Week reports the agency is...
NEW YORK -- Volt Information Sciences, Inc. has introduced a new and convenient way for its 37,000 contingent employees to access and manage their pay, the Volt MasterCardR Payroll Debit Card. Working in collaboration with JPMorgan Chase Bank, the Volt Payroll Debit Card lets employees access their pay at nearly...
STAMFORD, Conn. -- Banks and credit card issuers have put significant efforts into marketing contactless and signature-based debit card payments, but they have failed to win over consumers, according to a survey by Gartner, Inc.
SAN DIEGO -- BenSoft, Inc., a leading provider of automated reimbursement plan software, today announced a joint development agreement with Metavante, enabling an integration with the MBI Benefits Card. Metavante is an industry leader in linking employee benefit accounts, including flexible spending accounts FSA, health savings accounts HSA, and health...
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