BNET Business Dictionary
Business Definition for: Debit
- an entry in accounts which shows an increase in assets or expenses or a decrease in liabilities, revenue, or capital. It is entered in the left-hand side of an account in double-entry book-keeping.
Wiktionary Definition for: Debit
- In bookkeeping, an entry in the left hand column of an account to record a debt.
- A sum of money taken out of an account.
- To make an entry on the debit side of an account.
- To remove a sum of money from an account as a payment.
- of or relating to process of taking money from an account
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
- Debit Cards: Beyond Cash and Checks
- 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...
- White papers
- MasterCard Reports Surge In Debit Cards
- MasterCard reported it had 567 million debit cards in circulation at the end of the first quarter of this year, an 8.3% increase over the same period one year earlier. The debit activity coincides with both an increase in the number of debit terminals at MasterCard reported it had...
- Research articles 2005-07-11
- 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
- An Overview of the Canadian Debit System and Comparison With the U.S. Model
- This white paper examines the debit market in Canada, and contrasts the Canadian debit system with that of the U.S. Some commentators have noted the higher per-capita usage of debit in Canada relative to the U.S., and then attempted to argue that this higher adoption rate is a function of...
- White papers 2004-02-01
- Why Use Debit Instead of Credit? Consumer Choice in a Trillion-Dollar Market
- 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...
- White papers 2004-07-01
- 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
- 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
- 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
- Energy companies told to be more customer-friendly over direct debit payments
- Energy regulator Ofgem has acted to force energy suppliers to provide more information to customers about their direct debit payments and justify holding credit balances. The regulator was responding to a storm of protest over direct debit payments because energy companies were said to be holding on to huge...
- News items 2009-08-09
- PayPal goes plastic with debit cards aimed at students - and their parents
- PayPal on Tuesday introduced a new service for parents with kids who are in high school or college. Called Student Accounts, it centres on the use of a special PayPal-branded Mastercard debit card that's tied to a parent's PayPal accounts. The parent acts as the provider and can funnel money...
- News items 2009-08-12
- Debit's Downside
- This paper focuses on debit card fraud. As debit cards become more popular among consumers, they are also a growing target for thieves and fraudsters. According to an ABA and Dove Consulting study, the number of consumers using debit cards to make in-store-purchases increased from 48 percent in 1999 to...
- White papers 2004-07-30
- MasterCard Reports Surge In Debit Volume
- MasterCard reported it saw strong global online debit activity during the second quarter, as debit continues to take share from cash and check as a preferred means of payment. MasterCard reported it saw strong global online debit activity during the second quarter, as debit continues to take share from...
- Research articles 2005-09-12
- 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
- WAL-MART TO DECLINE MASTERCARD DEBITS.(debit cards)(Brief Article)
- BENTONVILLE, Ark.-Effective Feb. 1, Wal-Mart will no longer accept MasterCard signature debit cards, due to higher transaction fees when compared with other debit cards, said the company. BENTONVILLE, Ark.-Effective Feb. 1, Wal-Mart will no longer accept MasterCard signature debit cards, due to higher...
- Research articles 2003-12-08
- 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
- 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
- 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
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