debit card

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Related to bank cards: Debit cards

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 ?
Judge Watson said that Bentley's 13-year service as a postman meant he recognised envelopes containing bank cards and PIN numbers and decided to resolve his debt problem by stealing three bank cards and then watched over the next couple of days for the corresponding pin numbers.
So far, ICBC has issued more than 600 million bank cards, with annual consumption value reaching RMB 7.
The pair were sentenced at the crown court in Leamington after pleading guilty to conspiracy to steal bank cards.
Officers investigating the thefts believe the thief is watching the victim set the code then opening the locker while they are in the gym and stealing a bank card.
POLICE have issued anti-fraud advice to the public following a spate of calls about a bank card scam.
The trials have proved that the ID card can be used as bank cards at bank machines at point of sale terminals -- retail points where bank cards are used to purchase goods and services -- and for online payments, said Dr Ali Al Khoury, Director General of Emirates Identity Authority (Emirates ID) that issues ID cards.
However, the minister said more time was needed to issue bank cards to all and sundry and efforts were on to facilitate all of them.
Shortly afterwards, a bank card stolen in the raid was used to withdraw "a quantity of cash" from a cashpoint in Canton, Cardiff, police said.
Rifles and shotguns can also be turned in, with a $20 bank card being offered in exchange for those weapons.
March 19, 2013 /PRNewswire-USNewswire/ -- Airline credit cards and bank cards often offer points toward free air travel, but some will earn card users more free travel than others over time.
Police confiscated from the man's house some 30 blank bank cards, ten bank card swipe machines, and a computer.
Holders of Byblos Bank Cards may exchange 19,000 Loyalty Points into a travel ticket to the European country of their choice.