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The Mondex Value
The Mondex Value

... Mondex is a technically mature implementation of the value-card concept. It is in large-scale trial in the United Kingdom, and trials have commenced or are in preparation in several other countries. It is promoted as a cash-like replacement for cash transactions. Mondex chip-cards are issued by fina ...
Valuable insight for both new and veteran merchant services
Valuable insight for both new and veteran merchant services

... Open Loop Programs are cards that have a Visa, MasterCard, American Express, or Discover logo. These programs allow merchants to become an issuer and add pre-paid value to the card. Cardholders are not limited to using the card within a specific merchant location; they can use it anywhere that accep ...
Profitable Strategies for Increasing Private-Label Card
Profitable Strategies for Increasing Private-Label Card

... hearing a sales clerk ask, “Would you like to save 15 percent today by opening a credit account?” As the first step in the application process for a storebranded credit card, this ubiquitous phrase helped propel the private-label credit market to nearly $114 billion in total balances by 2007.i Of co ...
1 - LIACS
1 - LIACS

... and a client-oriented consumption history, we would like to point out some underlying assumptions and risks. In real world applications these kinds of situations are often encountered. When using datamining results to identify prospects for credit cards or credit card upgrades within the existing cu ...
MasterCard® Utility Industry Program
MasterCard® Utility Industry Program

... The MasterCard Utility Industry Program is a unique initiative that makes it more beneficial than ever for your company to accept MasterCard cards as a payment option for your customers. ...
Engaging the disengaged: An inside look at
Engaging the disengaged: An inside look at

... that happened over a very short period of time. This is counter to conventionally-held wisdom of a gradual shift over time. The finding may imply that customers are responsive to specific triggers, suggesting new potential opportunities for banks to effectively engage with their cardholder base. ...
Revolving Credit: A Profitable Card Option
Revolving Credit: A Profitable Card Option

... Revolving Credit: A Profitable Card Option Build your business through revolving credit Globally, revolving credit cards are considered by bankers to be the most profitable consumer product available today. Compared to charge cards, revolving credit cards can generate up to 3 times the return on equ ...
The Path to Compliance: Selecting Another PIN Debit
The Path to Compliance: Selecting Another PIN Debit

... Board must adopt rules that prohibit issuers and networks from inhibiting the ability of merchants to route debit card transactions over any network that may process such transactions. Together, these provisions appear designed to give merchants a choice of networks over which a debit card transacti ...
Consumers enjoy secure, cashless payments as merchants grow
Consumers enjoy secure, cashless payments as merchants grow

... to provide social grants to nearly 17 million South Africans. The card is popular, and people began to use it to pay directly for goods and services, rather than withdrawing cash at ATMs. ...
and Mobile based Point of Sale
and Mobile based Point of Sale

... Q) What is NFC? NFC technology lets businesses accept credit cards without swiping them. To accept mobile payments, you’ll need an NFC-enabled credit card machine, such as Apple Pay, Android Pay or Samsung Pay. Q) What are debit cards? Debit cards are another payment method. When goods or services a ...
The Alphabet Soup of Credit Cards
The Alphabet Soup of Credit Cards

1

Debit card



A debit card (also known as a bank card or check card) is a plastic payment card that provides the cardholder electronic access to their bank account(s) at a financial institution. Some cards may bear a stored value with which a payment is made, while most relay a message to the cardholder's bank to withdraw funds from a payer's designated bank account. The card, where accepted, can be used instead of cash when making purchases. In some cases, the primary account number is assigned exclusively for use on the Internet and there is no physical card.In many countries, the use of debit cards has become so widespread that their volume has overtaken or entirely replaced cheques and, in some instances, cash transactions. The development of debit cards, unlike credit cards and charge cards, has generally been country specific resulting in a number of different systems around the world, which were often incompatible. Since the mid-2000s, a number of initiatives have allowed debit cards issued in one country to be used in other countries and allowed their use for internet and phone purchases.Unlike credit and charge cards, payments using a debit card are immediately transferred from the cardholder's designated bank account, instead of them paying the money back at a later date.Debit cards usually also allow for instant withdrawal of cash, acting as the ATM card for withdrawing cash. Merchants may also offer cashback facilities to customers, where a customer can withdraw cash along with their purchase.
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