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The First electronic pos debit card system was on Long Island NY on 11/1/71
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What is another word for electronic check?
A debit card.
What is a debit card described as?
In simple terms - a debit card is 'electronic cash'. You can only pay for things with a debit card as long as there is enough money in the account that's linked to it. Once the cash is spent, the card will be rejected.
Do airlines accept debit cards?
They should do ! A debit card is seen as 'electronic cash'. You can only pay for items with a debit card IF there is enough money in the linked bank account to pay for the item.
Can you use visa debit to go overdrawn?
No - a debit card is simply an electronic version of cash. If there are insufficient funds in your account to cover the transaction, the card will be declined.
EasyGreen Pay Card?
The EasyGreen Pay Card is a payroll card or debit pay card provided by Electronic Payment & Transfer Corp.
What does a debit card do?
A debit card - is the equivalent of 'electronic cash'. Whereas with a credit card - you spend up to your limit,then pay it back over a period of time (while accruing interest) - a debit card is only usable up to the balance of the bank account linked to it
What is the name of the Texas electronic debit card used to pay TANF benefits?
Lonestar Card, the same for food stamps.
What is a mac card a debit card or credit card?
Defunct debit card system that was available in the Mid-Atlantic region of the US (similar to Star, PLUS, Cirrus).
Is there an age limit for debit cards?
Theoretically no, although it's rare for a bank to issue a debit card to someone under 16 (in the UK). A debit card doesn't require a credit check, nor does the holder need to be employed in order to get one. A debit card can only be used if there are already funds in the associated bank account. Think of a debit card as 'electronic cash'.
What society had a debit and credit card system?
Post industrial
Which UK banks offer free debit cards?
All debit cards are free ! A debit card in simple terms - is electronic cash. No-one should be charged for using a debit card - as the only way the transaction can be completed is - if there's enough cash already in the account to cover the purchase.
What does it mean for a debit card to go live?
It simply means - the very first time the card is used, it is recognised by the system. When the card goes 'live' on first use - the system places data onto the card either on the magnetic strip or the 'smart' chip. This tells any ATM that the card is legitimate.
