Debit card: Difference between revisions
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imported>Doug Williamson (Link with MIF page.) |
imported>Doug Williamson (Update to generalise types of security procedures to initiate transactions.) |
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A card enabling the holder to have purchases directly charged to funds on an account at a deposit-taking institution (this may sometimes be combined with another function, for example, that of a cash or cheque guarantee card). | A card enabling the holder to have purchases directly charged to funds on an account at a deposit-taking institution (this may sometimes be combined with another function, for example, that of a cash or cheque guarantee card). | ||
Settlement requires appropriate security procedures. | |||
Revision as of 10:36, 10 February 2017
A card enabling the holder to have purchases directly charged to funds on an account at a deposit-taking institution (this may sometimes be combined with another function, for example, that of a cash or cheque guarantee card).
Settlement requires appropriate security procedures.
