|
Debit card has come a long way from the plastic card revolution. It starts it's root from Europe and not America. Debit card take the characteristics of a conventional ATM card that you can withdraw money from a bank's network. It expended to share network among local banks in a single country. In Europe they have expended to use a common network such as Cirrus and Maestro. In USA, they have Star network as their most common share network among local banks.
Debit card also have many names referring to it such as ATM cards, Stored Value Cards, Payroll Cards, Gift Cards, Travel Card and so on.
The usage of the debit card has also expanded beyond it traditional form such as withdrawals of money. Debit Cards provide endless possibility, are extremely economical and very safe.
Debit cards use magnetic stripe and Chip Based technology to store information about funds that have been "loaded on to the card".
|
