debit card

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Related to Payment terminal: POS Terminal

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 or computer chip.
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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 newer and sophisticated payment terminals reaching the market are equipped with multiple interface options such as touch and voice response and OMA Emirates continues to develop customized applications to suit the current needs and trends of the payment industry," said Niranj Sangal, Group CEO, OMA Emirates - Solution Gulf.
The payments made through the credit or debit cards based on the MasterCard, Maestro, Visa and Visa Electron platforms are accepted by the payment terminal.
Contract related to the Criminal Sanctions Agency for the future as a comprehensive service acquired Vice statistical point of sale and payment terminal solution.
Almost 100,000 Worldline payment terminals in the Netherlands
Credit Agricole has chosen Ingenico (Euronext: FR0000125346 ING), a leading worldwide provider of payment solutions, to enable the bank to roll out mobile and contactless payment terminals to merchants who are clients of the networks of Regional Banks and LCL.
Optionally, a so-called "super mobile payment terminal solution" for the public service to be developed, the operating conditions fall under the Framework Agreement.