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 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 ?
According to the same source, the police seized the equipment used in the hacking, the data of several stolen bank cards, fraudulent purchase orders as well as five cars acquired thanks to the proceeds of the hacking operations.
The cards make sounds when the buttons on the audio bank cards are pressed.
97%, while the bank card default rate increased 17 basis points in April, recording a default rate of 3.
Banco Popular Dominicano (BPD), a bank in Dominican Republic, has said that it has selected the bio-sourced Optelio EMV bank card from Gemalto (Euro: GTO), a digital security company.
Two customers contacted the office about bank cards and PIN numbers not having been delivered and them being used at cash machines.
Couriers were then arranged by the bogus officer to collect the bank cards as evidence from the two victims who had inputted their PINs.
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.
It will be optional for UAE residents to integrate their bank cards with national ID cards when such a system comes into effect.
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.