BNET Business Dictionary
Business Definition for: Debit Card
- 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
Additional Resources
- Debit Card Scams to Avoid
- Crooks are coming up with clever ways to steal money from debit card customers. Here's how to protect yourself. And when it comes to card...
- Articles 2009-07-28
- Alpine Bank Acquires Saylent's Y-Debit Solution to Manage Debit Cards; Increase Debit Card Loyalty Program
- MEDWAY, Mass. -- Saylent Technologies, Inc., a leading provider of debit card management solutions, today announced that Alpine Bank, a community bank in Colorado with assets in excess of $2 billion, acquired a license of Y-Debit to improve management of their debit card program. Alpine Bank acquired two of...
- Research articles 2006-10-02
- BANKS TO CHARGE ANNUAL FEE ON DEBIT CARD
- AsiaInfo Services 08-09-2004 Banks to Charge Annual Fee on Debit Card GUANGZHOU, Aug 09, 2004 SinoCast via COMTEX -- Bank of China BOC is going tocharge CNY 10 annual fee on Great Wall RMB Debit Card issued byBOC. ...
- Research articles 2004-08-09
- Interchange fees in credit and debit card markets: what role for public authorities? A summary of a Federal Reserve Bank of Kansas City conference.
- 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...
- Research articles 2006-01-01
- Virgin Mobile USA links debit card, airtime credit.(News)
- Virgin Mobile USA L.L.C. is expanding it customers' ability to earn free airtime by launching a prepaid Visa debit card that will be linked to Virgin Mobile USA phones. The "Stash'' prepaid debit card will be issued by Inter National Ban...
- Research articles 2006-08-07
- For The Record.(Briefs)(Discover Financial Services is getting into the debit card business)(Greenbrier & Russel is being bought by Fujitsu Consulting)(Mesirow Financial is getting into acquisition with Settlement Planning Associates)
- 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...
- Research articles 2006-02-20
- BOC AND VISA ISSUE JOINT DEBIT CARD
- AsiaInfo Services 10-22-1996 BOC and VISA Issue Joint Debit Card CHINA, October 22, AsiaInfo Services, Inc -- The Great Wall Electronic Debit card, a new type of payment tool, has been co-launched by the Bank of China and the...
- Research articles 1996-10-22
- Chase and Continental Launch First Co-Branded Business Debit Card, Offering Small Business Customers Frequent Flyer Miles for Debit Card Usage
- NEW YORK/HOUSTON--BUSINESS WIRE--Aug. 2, 1999-- Since the recent launch of the Chase/Continental Debit Card, consumer response has surpassed the bank's expectations, confirming that consumers do want a debit card that offers frequent flyer miles. Now, building on that momentum and on the commitment to better serve small business...
- Research articles 1999-08-02
- Union Planters Introduces First Translucent Platinum Debit Card; A Cool New Look and Great New Benefits - the New Platinum Debit Card is Clearly Better
- Business Editors MEMPHIS, Tenn.--BUSINESS WIRE--April 23, 2004 Union Planters Bank (NYSE: UPC) is adding a new Platinum debit card to its product offering. Providing customers a more convenient way to pay every day, the Platinum debit card offers an exclusive package of benefits free with every Union Planters...
- Research articles 2004-04-23
- New Comprehensive PULSE Debit Industry Study Reveals Continued Growth in Debit Card Market
- Debit Transaction Growth of 18 percent in 2006 Card Issuers Expect Similar Rise in 2007 HOUSTON -- U.S. debit card-issuing financial institutions experienced debit card transaction growth of 18 percent in 2006 and expect continued strong growth in 2007, according to a new study commissioned by PULSE EFT...
- Research articles 2007-02-28
- Chase Manhattan and Continental Airlines Launch First Co-Branded Debit Card; Offering Frequent Flyer Miles for Debit Card Usage
- 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...
- Research articles 1999-02-22
- HUAXIA BANK FIRSTLY ISSUES INTERNATIONAL DEBIT CARD
- AsiaInfo Services 09-28-2004 Huaxia Bank Firstly Issues International Debit Card BEIJING, Sep 28, 2004 SinoCast via COMTEX -- Huaxia Bank, a joint-stock commercial bank in China, recently launched its first international debit card, named Mae AsiaInfo Services ...
- Research articles 2004-09-28
- Delta Air Lines launches co-branded credit and debit cards in Colombia; Colombia is home to Delta's first SkyMiles debit card.
- M2 PRESSWIRE-13 April 2004-DELTA AIR LINES: Delta Air Lines launches co-branded credit and debit cards in Colombia; Colombia is home to Delta's first SkyMiles debit cardC1994-2004 M2 COMMUNICATIONS LTD RDATE:04082004 ATLANTA - Delta Air Lines has launched an innovative co-branded ...
- Research articles 2004-04-13
- Direct Response Financial Services Featured in ATM & Debit News; Debit Card Industry Publication Quotes Direct Response's CEO Along with Representatives from Visa USA, MasterCard International, and the Federal Reserve
- LOS ANGELES -- Gaining greater recognition in the debit card industry, Direct Response Financial Services, Inc. (OTCBB:DRFL), a leading provider of stored value and debit card products and services to Hispanics and other underserved consumers, today announced that it was featured in a leading Thomson Media-owned industry publication, ATM &...
- Research articles 2005-03-17
- A Legal Baffle Over Debit-Card Fees - title should read 'A legal battle over debit-card fees' - small retailers hope to join antitrust lawsuit filed by large retailers over fees - Brief Article
- 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...
- Research articles 1998-10-01
- Reform of debit card systems in Australia.
- Jul 25, 2006 (Reserve Bank Bulletin - ABIX via COMTEX) -- In April 2006, the Reserve Bank of Australia RBA released a package of reforms to Australia's debit card systems. The package includes the standards to apply to Visa Debit interchange fees Jul 25,...
- Research articles 2006-07-25
- Bank of America reports debit card milestone
- Bank of America customers spent a record $100 billion on their debit cards for goods and services during 2004, making the bank the first financial institution to pass the milestone within any year. Bank of America is the number-one debit card issuer in thBank of America customers spent a record...
- Research articles 2005-02-01
- Visa to launch debit card in India.
- [bombay] Visa International by mid-December will launch its first debit card in India after introducing the product this month in other parts of Asia. Negotiations are under way with several Indian ... [bombay] Visa International by mid-December will launch its first debit card in India after...
- Research articles 1998-11-30
- PULSE Reminds ATM/Debit Cardholders to Exercise Simple Precautions When Getting Cash or Making Purchases; Common-Sense Tips Offered During ATM/Debit Card Safety Awareness Month
- HOUSTON -- With Americans turning more and more to their ATM/debit cards to access cash and make purchases, one of the nation's leading electronic payments networks is offering consumers a set of simple, common-sense guidelines for card use that promote cardholder safety and security. PULSE EFT Association LP, a Discover...
- Research articles 2006-06-12
- PayPal Tests Virtual Debit Card
- PayPal is test-piloting a MasterCard-branded virtual debit card that could expand the number of merchants accepting its payments. JPMorgan Chase & Co. issues the card, and First Data Corp. is the transaction processor, according to PayPal, a unit of eBay. PayPal is test-piloting a MasterCard-branded virtual debit card that could...
- Research articles 2006-07-17
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