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 ?
The greatest benefit of adopting an EMV-compliant payment terminal is the liability relief it provides small businesses in the event of a fraudulent transaction.
Today, this industry in Russia counts over 1 million payment terminals which process over 3,500 different services.
Almost 100,000 Worldline payment terminals in the Netherlands
OMA Emirates, a provider of technologies for the payment industry, has developed several key applications for payment terminals to address the ongoing end-user market requirements.
The company's industry leading standards-based remote key injection system allows retailers to initiate on-site, in-store payment terminal key injection at the point of sale quickly and securely.
Credit Agricole has chosen Ingenico (Euronext: FR0000125346 ING), a leading worldwide provider of payment solutions, to enable the bank to roll out mobile and contactless payment terminals to merchants who are clients of the networks of Regional Banks and LCL.
Also, the entire L5000 product line incorporates Equinox's Remote Key Injection System for quick and secure on-site, in-store or in-lane payment terminal key injection at the point of sale.
Contract award: framework agreement for the supply and operation of payment terminals.
Thyron Introduces Contactless-Only Portable Payment Terminal 59
Equinox also offers the L4200 and L5000 payment terminal series to U.
The payment terminal instantly identifies the customer number and forwards the top-up request to Orange, which adds the amount of credit corresponding to this number to the customer's account in real time.
11 /PRNewswire/ -- Electrone is proud to introduce its new, low-cost, Smart POS Terminal, the EAL 8908, which boasts time-proven POS terminal technology modernized to give merchants advanced payment terminal capabilities.