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 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 ?
With respect to innovation in bank card products, ICBC successively developed and launched various cards based on market demand and consumer habits.
On April 21, IZP group president Luo Feng and Prince Fahd bin Muqrin from the Saudi royal family signed an agreement for payment, bank card settlement business in Jeddah, Saudi Arabia.
According to Reuters, China has announced a plan to open up its domestic bank card clearing market to foreign firms.
Their friend, John Evans, 42, is accused of using Mr Griffiths' bank card to top up a mobile phone with PS30 - and making an attempt to add a further PS270.
And police are now warning residents to continue to be vigilant and never disclose bank card pin numbers to people claiming to be from the police or their bank.
Judging by the comments regularly appearing on the courier's website, the courier lacks the staff to do this; it's left to the bank card recipient to phone the courier and wait an interminable amount of time listening to a repeat of the same message in Arabic and English without anyone answering the incoming call.
Banks and police officers will never ask for people's PINs or bank cards and people should never give their PIN or bank card to anyone.
They are then assuming the bank card has the same pincode as the locker and using it to withdraw large sums of money from a cash machine.
West Mercia Police said it had received reports of a bank card con from seven callers in north Worcestershire in just three days.
Abu Dhabi: UAE residents will soon have the option of using their national ID cards as bank cards in financial transactions.
Officials of the ministry said the number of retired individuals reached to 130,000 while 40,000 of them would be issued with bank cards.
BANK cards were stolen by burglars who forced their way into a house through its patio doors.