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debit cards are things some people want.A Debit card is different to a credit
card, it has some less abilities, but has many similar, like oftem you can takle
money out of the wall, and use it shops. Many are free with bank accounts and
their limits, and many have few charges so can be free in a way. A debit card
is a ISO 7810 card which physically resembles a credit card, and, like a credit
card, is used as an alternative to cash when making purchases. However, when purchases
are made with a debit card, the funds are withdrawn directly from the purchaser's
checking or savings account at a bank. | ![]() | |
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Banks 3 . A page on Financial Affairs
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Two different types of debit cards are in use today: online and offline. Online debit cards use the same underlying technology as ATMs (bank machines) that dispense cash; authentication may consist of the use of a numeric PIN (personal identification number) known only to the cardholder. PINs can be used only where the POS (point of sale) terminal is properly equipped; in particular, a separate keypad is needed to allow the customer to enter his or her PIN and select the account from which funds should be drawn. This is the only method used in some countries, particularly Canada.
Offline debit cards carry the logotypes of, and can be used in a manner nearly identical to, major credit cards (e.g. Visa or MasterCard). The use of a debit card in this manner may have a daily limit, with the maximum limit being the amount of money on deposit. A debit card used in this manner is similar to a secured credit card
More pages on Finance at h t t p : / / w w w . l o n y m p i c s . c o . u k
The 10 Largest Banks in the world and their histories
Building Society High Interest Account
The facts on a Swiss Bank Account
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