debit card


Also found in: Dictionary, Thesaurus, Financial, Acronyms, Wikipedia.
Related to debit card: credit card

debit card

A payment card in the physical format of a credit card that is used like a bank check. There is no line of credit, and sufficient funds must be available in the customer's bank account, which are withdrawn immediately or within a couple of days, depending on the system. Debit cards are used at ATM machines and point-of-sale terminals in retail outlets. To prevent fraud, a numeric PIN must be entered. If the merchant supports it, cash may be paid to the customer. See debit.
Copyright © 1981-2019 by The Computer Language Company Inc. All Rights reserved. THIS DEFINITION IS FOR PERSONAL USE ONLY. All other reproduction is strictly prohibited without permission from the publisher.
References in periodicals archive ?
* Using a debit card instead of writing checks saves you from showing identification or giving out personal information at the time of the transaction.
* Standard debit cards, which pull money from a bank account.
This initiative is being launched at the time the debit cards usage is on downward trend in Kenya.
"Therefore, for your own safety and verification, please complete the bottom of this form, and return it with your debit card to the safety manager."
Every Visa transaction made on the first month of the newly-approved CEB GetGo Debit Card will earn 5% rebate for the cardholder.
Commenting on the launch, Shazad Dada, Chief Executive Officer, Standard Chartered Pakistan said: 'We are delighted to launch Pakistan's first international airline co-branded Debit card. Our experience with Emirates has been filled with excitement, success and innovation, for us and our clients.
The Virtual Debit Card generated would include all relevant card details to process an online transaction, such as the 16 digit PAN number, expiry date and the CVV.
The online payment is provided and verified in association with a 3-D secure feature that adds an additional layer of security to Internet-based credit and debit card purchases.
Adding yet another value-added feature to its Excel debit cards, Bank Sohar has now introduced a new benefit for its customers using their Excel debits cards, to purchase Oman Air tickets online, a press release said.
"On the subject of security, all our customers should be also aware that QIB will never ask them to reply in an email with any personal information such as their ID number, Debit card and account details or any kind of passwords and PINs," concluded Mr.
* Understand how the debit card market in Croatia has performed in the historic period including quantitative data for transactions, value of transactions, cards in use and turnover per card.