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 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 ?
For Lucky Cheque cards and Cheque Numbers send a stamped SAE marked "Lucky Cheque Gamecards" and/or "Cheque Numbers" to Mirror Lucky Cheque, PO Box 40, Blackburn, BB1 6AJ.
THOSE keen on taking up his offer can look forward to Robertson's face on Bank of Scotland cheque cards and cheque books.
Total losses on all the bank's credit, debit and cheque cards in 1996 was [pounds]23.6 million, a reduction of 3.3 per cent.
"But when it came to paying we would pretend she had left our cheque cards at home.