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 ?
A latest study released by HTF MI on Global Virtual Payment Terminal Market covering key business segments and wide scope geographies to get deep dive analysed market data.
In 2016, payment terminal solution is expected to dominate the contactless payment solutions market due to the increasing support and assistance required by the merchants who are readily deploying the contactless payment terminals in the businesses to support contactless payment transactions.
As EMV cards are unveiled by issuing banks over the next few years, retailers will be installing EMV-compliant payment terminals capable of reading the cards.
RDM SYNERGY II is a true plug and play, low cost, high value-add payment terminal."
Dartford, United Kingdom, August 07, 2015 --( True Telecom is delighted to announce that they now support Apple Pay on all of their payment terminal devices.
Simultaneously the application also enables payment by installment which allows customers to convert purchases into EMI schemes directly on the payment terminal. Going beyond these solutions, the new payment terminal application also permits payment of utility bills, purchase of mobile top-up, Loyalty on payment terminals, etc.
Payment is made by holding the card a maximum of two or three centimetres away from the payment terminal.
Under the initiative people will be able to buy things costing up to pounds 15 simply by tapping their mobile phone against a contactless payment terminal.
PAX Technology is a provider of secure electronic payment terminal solutions, with manufacturing facilities, R&D capabilities, and a worldwide network of sales and channel partners.
At the end of a trip, the Chip & Pin payment terminal receives automatically the fare amount from the taximeter; the end-user can enter tips.
It may be used to make payments of up to GBP15 by swiping it over a participating store's contact-less payment terminal (CPT).
We are looking for a web-based virtual payment terminal for telephone payments that will: integrate with pci compliance software; capture and consolidate payments taken over the phone from customers; transfer funds and reconciled management information by electronic means; produce a transaction file the following day in agreed file format; transfer funds within 5 working days; produce detailed breakdown of all transactions for account reconciliation.