Access Device
Barron's Banking Dictionary:
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Access Device
Bank card or personal security code giving consumers the means to make deposits, withdraw funds, transfer funds, or pay bills electronically. As defined by Federal Reserve Board Regulation E, an access device is any Debit Card, Personal Identification Number home banking password, or bill payment code used to initiate an electronic transfer of funds. Financial institutions may issue an access device only at the consumer's request. See also Smart Card.
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Access Device
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Copyrights:
Barron's Banking Dictionary
Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.
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