Proprietary Debit Card
Barron's Banking Dictionary:
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Proprietary Debit Card
Debit Card issued by a retail merchant for use in electronic transfer of funds. Proprietary cards issued by gasoline retailers give the user the same benefits as cash paying customers, for example, a cash Discount off the listed price paid by customers paying with credit cards.
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Barron's Banking Dictionary
Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.
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