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 ?
The bank claimed that it was the first to enable debit or cheque card cancellation across all its electronic banking platforms and the only one to provide the functionality on self-service devices.
A number of very valuable jewellery items were taken including a distinctive Rolex Daytona wrist watch, a nine carat gold gent's bracelet, a heavy gold chain necklace, a fivediamond ring, a gold puzzle ring which has been soldered as well as a company cheque card in the name of Britton Brothers Ltd.
The airline will recommend the new American Express Travellers Cheque Card to its customers and accept the card as payment for bookings.
The account includes real value adds, such as customers getting access to a second Elite account for spouses or life partners at a 25% discount, a gold cheque card, a gold credit card, reduced interest rates, and unlimited electronic transactions," says Mr.
Six main crimes have been identified - commercial burglaries, shoplifting, theft, criminal damage, making off without payment, credit card and cheque card fraud.
A number of very valuable jewellery items were taken during the incident including a distinctive Rolex Daytona wrist watch and a company cheque card in the name of Britton Brothers Ltd.
Miss Owen is also believed to be suspected of a pounds 250,000 credit card and cheque card fraud.
My cheque card, purse, house keys, phone and other personal things were in the bag.
The Post Office's Travel Money Card costs pounds 10 and the Amex Travellers Cheque Card costs pounds 20.
Foreign currency, travellers cheques and the new American Express Travellers Cheque Card can be ordered up to the value of pounds 3,000.
Nearly one-third (29%) plan to purchase paper travelers checks or a new card version of travelers checks such as the American Express Travelers Cheque Card, followed by phone card (21%), or a stored-value cash card (13%).