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 ?
Based on the AT91SO100, already widely recognized for its performance, its integration and its very high security level, these three new chips offer the flexibility required to design systems such as high-end POS terminals or low-cost PIN Pads complying with Visa(R) PCI PED, health card readers or any other system requiring security and versatile communication interfaces," stated Olivier Debelleix, Worldwide Business Development Manager for Atmel's Secure Products Division.
VeriFone today announced four new VX Evolution systems designed to PCI PED 2.
Suitable for use worldwide, the PCI PED approved PINpad1000SE contactless version is backward-compatible with earlier versions, and features USB or serial connectivity for easy connection to electronic cash registers and POS devices.
1 requirements, the payment security standard formerly known as PCI PED.
Offering the very latest PCI PED certification, the new product offers customers more design flexibility, and meets the needs of those customers who require a more integrated security system.
The AQUA terminal is one of the lowest cost, PCI PED terminals on the market today and clearly provides a solution for our customers who are looking to upgrade their current non-PCI terminal base in a cost-effective manner.
Hypercom's Wymix has already received several other international certifications including MasterCard PayPass[R], PCI PED, and EMV Level 1 & 2.
China's PAX Technology Gains PCI PED Certification with Zilog's New Zatara Platform for Next-Generation Point-of-Sale (POS) Solutions