debit card

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debit card,

card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machinesautomated teller machine
(ATM), device used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with information on a magnetic strip.
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 for withdrawing cash from the user's checking account. Increasingly common in the 1990s as an alternative to credit cardscredit card,
device used to obtain consumer credit at the time of purchasing an article or service. Credit cards may be issued by a business, such as a department store or an oil company, to make it easier for consumers to buy their products.
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, debit cards have been promoted as safer than cash and more convenient than personal checks. By 1998 more than 73 million debit cards had been issued, with a sales volume of $134.7 million attributed to their use. They are typically issued by large credit-card companies through their participating banks. Debit cards offer the holder more limited legal protections than credit cards. Similar cards have also been used to distribute welfare benefits to recipients in some locales.
References in periodicals archive ?
Bankrate's Senior Financial Analyst, Greg McBride, CFA provides insight regarding the obscure 'blocking' standards merchants apply to check cards when purchasing certain items.
Bank (NYSE:USB) has introduced enhancements to its exclusive Checking That Pays reward program allowing customers the opportunity to contribute to a nonprofit organization by making check card purchases and giving customers who select the Cash Bonus reward the ability to redeem their cash whenever they choose.
The Contactless BB&T Check Cards will be personalized by the in-house bureau of Personix in St.
There's no enrollment fee and Washington Mutual does not charge customers for using their check cards when making purchases, although some merchants may charge.
Our unique tips Web site provides consumers with information about the benefits and security of Check Cards, so they will feel confident buying airline tickets online, going out for dinner or paying for gas at the pump.
Despite the challenges of a sluggish economy, consumer spending on Visa check cards increased 20 percent during the first half of 2003 compared to volume during the same period in 2002.
There's no enrollment fee and Washington Mutual does not charge customers for using its check cards for purchases, although some merchants may charge.
26 /PRNewswire/ -- Visa, proud sponsor of NASCAR, is combining the speed of using Visa check cards with the speed of NASCAR drivers Rusty Wallace and Kurt Busch to raise money for charity in the first ever Visa/NASCAR Fast Cards, Fast Cars for Charity Challenge.
is a full-service bank, providing a broad array of services, including checking accounts, money market accounts, certificates of deposit, commercial loans, construction loans, consumer loans, including home equity lines of credit, credit cards, drive-through windows, on-line banking, and Visa check cards.