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 typically 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. Mobile payment services, which use a smartphone app to make payments, have replaced debit cards in some cases, but such services may not offer any protection against fraud.
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References in periodicals archive ?
Even if a particular bank chooses to integrate its bank cards with national ID card, its individual customers still will have the option to retain the bank cards.
During this time, the victim's bank card is stolen and before they realise what has happened, a spending spree has already taken place.
He then persuaded Mr Feenan to give him his bank card and PIN."
The number of bank card users in Azerbaijan is insignificant and amounts to only 10 percent of the total population, the source noted.
A brown leather handbag containing a black leather Next purse, cash, passport, bank cards, keys and a driving licence was taken from a table at 12.30am on Monday.
Police say the burglar then went on to use a bank card at several shops near Mr Dear's home in Nottingham.
In September, the value of transactions with bank cards of foreign citizens in Azerbaijan amounted to 114 million manats (an increase of 23 percent compared to September last year).
The bank cards are being handed over in 17 areas of Arys and 2 nearby settlements.
A north-east man stole bank cards from a nursery to pay for cigarettes, alcohol and chocolate.
In January-March 2019, foreign citizens in Azerbaijan spent 271 million manats using bank cards, which is 8.4 percent less compared to the 1Q2018,Trendreports referring to the Export Review published by the Center for Analysis of Economic Reforms and Communications.