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Topic: Debit

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	Visa USA \| Personal \| Debit
		Debit cards are payment cards that debit—or subtract—money directly from your account, as if you were paying with cash or a check.
		Debit cards differ from credit cards in that credit cards are payment cards that draw from a credit line—money made available by your card Issuer.
		Increasingly, consumers are using their debit cards for Internet purchases, as well as for regular or “recurring” payments for things such as gym memberships, utility payments, and other standard living costs— it's one less check to be write each month.
	usa.visa.com /personal/using_visa/personal_finance/debit.html (729 words)

	Understanding Debit Cards (Site not responding. Last check: 2007-11-02)
		Debit means "subtract." When you use a debit card, you subtract money from your own checking or savings account.
		Debit cards are more readily accepted than checks, especially when you are traveling.
		Debit card processing fees for the merchant are generally lower than credit card fees.
	aarp.org /money/credit_debt/a2002-08-14-ManagingMoneyDebitCards.html (958 words)

	Debit - Wikipedia, the free encyclopedia
		Debit is a formal bookkeeping and accounting term that comes from the Latin word debere, which means "to owe".
		It is often assumed that a debit decreases a balance because use of a bank's debit card decreases the balance in the customer's account.
		However, it is called a debit card because, from the bank's perspective the customer's account is a liability.
	en.wikipedia.org /wiki/Debit (310 words)

	DEBIT CARDS vs CREDIT CARDS (Site not responding. Last check: 2007-11-02)
		The new debit cards have become more popular because they are easier to use and more widely accepted than those that require personal identification numbers.
		Debit cards are perfect for smaller and everyday type purchases, like those at the supermarket, drug store, or dry cleaners.
		Debit cards are easy to use and each transaction is detailed on your monthly checking account statement, allowing you to monitor where and when you've spent your money.
	www.in.gov /dfi/education/debit_vs.htm (741 words)

	Debit Cards
		One advantage of using a debit card is that it is much quicker to swipe a card than write a check.
		A disadvantage of debit cards is the need to establish a system of record keeping, since you are not using a check register.
		Debit cards simplify some aspects of finances, but as with checks, the most important aspect is your ability to keep records.
	www.atg.wa.gov /teenconsumer/finances/debit_cards.htm (454 words)

	DEBIT CARDS: BEYOND CASH AND CHECKS
		Debit cards may be more readily accepted by merchants than checks, especially in other states or countries wherever your card brand is accepted.
		Using a debit card may mean you have less protection than with a credit card purchase for items which are never delivered, are defective, or were misrepresented.
		Government regulations require debit card issuers to set a maximum liability of $50 if the debit card is reported lost or stolen within two days of discovery.
	www.nclnet.org /debitbro.htm (1299 words)

	Debit cards vs. credit cards: Debit offers money-saving alternative
		All in all, growth in the use of debit cards is a positive development.
		With a debit card, the protection is like closing the barn door after the horse is already out.
		After all, if a stolen debit card was used for purchases, the victim often finds out after the fact -- once the money has been withdrawn from the account.
	www.bankrate.com /brm/news/bank/20020104a.asp (608 words)

	PIRG
		For either debit card transaction, both banks and merchants make more money and face lower risks than when you write a check-- the bank saves money on check clearing costs, there is less float time, and the merchants doesn't need to worry about bounced check risks or bounced check fees.
		For debit card fraud, your liability is $50 if you notify the bank with 2 days of learning of the fraud, and $500 or more after two days, up to the entire amount stolen under certain circumstances.
		While debit cards, which automatically deduct money from your checking account, may save you money over interest-bearing credit cards, there are important differences between a credit card and a debit card in terms of how much you may owe when someone makes unauthorized charges on your account.
	www.pirg.org /consumer/banks/debit/fact.htm (1826 words)

	DEBIT CARDS (Site not responding. Last check: 2007-11-02)
		Debit means "subtract." When you use a debit card, you are subtracting your money from your own bank account.
		But unauthorized access to a debit card could wipe out your checking account and any other accounts you have linked to it and could require that you wait 10 to 20 days for your money to be refunded.
		Your debit card can be used at any ATM in the world as long as the ATM displays one of the same system names or symbols that is on your debit card.
	www.in.gov /dfi/education/Money_Smart/debit_cards.htm (1713 words)

	Truth About Debit Holds Recent Development \| Newsroom \| Chase Paymentech Solutions (Site not responding. Last check: 2007-11-02)
		Debit cards are typically associated with a cardholder's checking account whereas credit transactions impact a cardholder's credit line.
		Unlike credit and signature-based debit sales, with pay-at-the-pump online (PIN-based) debit transactions, in which the cardholder enters his or her personal identification number (PIN) in order to complete the transaction, the merchant has flexibility in setting the pre-authorization amount for that transaction.
		But because the pre-authorization amount for PIN debit transactions actually determines whether or not the customer is allowed to pump gas, if he does not have $50 to $75 in his bank account, it doesn't matter that he only needed $30.
	www.paymentech.com /newpaynewrecdevtrudebhol.do (1147 words)

	Are You Riding the Debit Card Wave?
		Debit cards with the logo of one of the two major payment card companies are ATM cards with clout.
		Debit cards are typically used as substitutes for cash and checks to pay for everyday items such as gasoline, groceries, restaurant meals, and department store purchases.
		Then, if your debit or credit cards are lost or stolen, you'll have everything you need to report and replace them.
	www.obre.state.il.us /consumer/Tips/DEBITCARD.HTM (815 words)

	Debit Card Frequently Asked Questions
		If you use a debit card at a retail store, you or the cashier can run your card through a scanner that enables your financial institution to verify electronically that the funds are available and approve the transaction.
		Often, a debit card purchase is posted within 24 hours instead of days, as may be the case with a paper check.
		If you want to sign for a debit card transaction, you generally swipe your card through the reader and choose "credit" —; even though you are authorizing a debit (withdrawal) from your account, not a credit card transaction.
	www.dfi.wa.gov /consumers/education/debit_faq.htm (2002 words)

	Debit card fees
		If you swipe your debit card on some purchases these days the merchant is going to "ding" you with a fee just for using the card.
		Debit fees range from 10-cents to $1.50 per transaction and they're deducted out of your bank account on top of the transaction.
		So, again if a business takes both debit and credit cards, and you make a debit transaction where a fee applies, you should be given the choice to press "debit" or "credit" to finish the sale.
	www.azcentral.com /12news/consumer/articles/DebitCard07062004-CR.html (413 words)

	USATODAY.com - Thieves love debit cards, so keep them safe here's how (Site not responding. Last check: 2007-11-02)
		Debit cards have soared in popularity in recent years (see box).
		Debit cards are a prime target for these "phishing" scams, says Tom Lekan, security chief for KeyBank.
		Debit cards are more attractive to phishers than credit cards because, "These guys don't want to buy canoes — they want cash," Lekan says.
	usatoday.com /money/perfi/columnist/block/2005-05-09-debit-cards_x.htm (865 words)

	Debit Transactions
		Debit is an electronic payment method that allows cardholders to access funds from their bank account at the point of sale using a debit card and a Personal Identification Number (PIN).
		To process PIN based debit transactions, the debit card must be swiped through a PIN Pad terminal that has been programmed with a unique encryption security code.
		Debit cards that have a VISA or MasterCard logo on them can be processed without entering a PIN code.
	www.paymenow.com /html/debit_transactions.html (804 words)

	Debit card facts
		Debit card liability could cost you a lot -- while credit card liability only $50, by law.
		Debit cards used with signatures make banks a lot of money.
		Therefore, banks cannot assume that they have satisfied their duty to investigate simply by concluding that the customer's debit card and PIN were used in the transaction at issue....
	www.pirg.org /consumer/banks/debit/debitcards1.htm (1332 words)

	Visa Debit Continues Worldwide Growth
		While debit cards have traditionally gained the greatest traction in merchant segments such as grocery, petrol/gasoline, restaurants and pharmacies, consumers are also beginning to realize the convenience of debit payments for categories such as insurance, utilities and telecommunications - typically paper-based transactions.
		Debit and prepaid products also help bring greater economic transparency and efficiencies of electronic payments to developing markets and provide important access to financial services to consumers who may be unbanked or new to banking.
		Visa's annual Global Debit Forum is an opportunity to present best practices, updates and other information to member financial institutions interested in growing their debit and prepaid programs.
	www.corporate.visa.com /md/nr/press293.jsp (742 words)

	USATODAY.com - Security breaks could curtail debit card use (Site not responding. Last check: 2007-11-02)
		Debit transactions are the fastest-growing form of electronic payments; they nearly doubled, to 15.6 billion transactions, in 2003 compared with 2000, according to the most recent Federal Reserve data.
		A 2005 study by Pulse, a debit card network, showed that a PIN debit card transaction was about 15 times safer than its signature counterpart, based on losses per transaction and per sales volume.
		Also, the industry may have to rethink how it detects fraud, because, "Systems around PIN debit are not as advanced as the ones around signature debit," she says.
	www.usatoday.com /money/perfi/credit/2006-03-12-debit-card-sue_x.htm (525 words)

	DEBIT CARD PROBLEMS (Site not responding. Last check: 2007-11-02)
		You may find that your debit card or its number have been stolen only when you learn that checks you have written have bounced.
		Be aware that the issuer is not required to waive bounced check charges or cover any fees that may be imposed by the recipients of checks that unintentionally bounced because a debit card was stolen.
		However, because the money spent using a debit card comes directly from your bank account, you may not be protected from fraudulent use of your card or card number.
	www.nclnet.org /debitpro.htm (260 words)

	The ins and outs of debit cards
		Because many merchants treat a debit card purchase as they would a personal check or cash, you may get stuck with several hundred dollars in store credit instead of a refund.
		Debit cards are a great way to pay for everyday items such as gas or groceries.
		A debit card can also be a good money management tool if you're diligent about recording every single transaction in your checkbook.
	www.bankrate.com /brm/news/cc/20010813a.asp (1369 words)

	Visa USA \| Personal \| debit cards
		With a debit card, the purchase amount is automatically deducted from your checking account.
		Debit vs. credit: Debit and credit cards look alike, but they’re two entirely different payment methods.
		No grace period for a debit card purchase: Since your purchase is automatically deducted from your checking account, make sure you have the money available to cover the full transaction amount at the time of purchase.
	usa.visa.com /personal/student/debit_cards.html (428 words)

	Debit Cards
		It’s easy to understand why debit cards are rapidly becoming the most popular payment option in your member’s wallets.
		Debit cards are equally popular with credit unions since they represent a chance to generate revenue through interchange fees while reducing cash and check processing expenses.
		And all our debit programs feature an attractive rewards program, fully integrated authorization processing and an effective fraud solution.
	www.pscufs.com /debit/debit.htm (585 words)

	Automatic Debit Scams
		Consumers across the country are complaining about unauthorized debits (withdrawals) from their checking accounts.
		Automatic debiting of your checking account can be a legitimate payment method; many people pay mortgages or make car payments this way.
		It can be difficult to detect an automatic debit scam before you suffer financial losses.
	www.ftc.gov /bcp/conline/pubs/tmarkg/debit.htm (872 words)

	"Risks" Associated With Debit Cards and Safety Guidelines To Follows.
		Because the money for debit card purchases is transferred almost immediately from your bank account to the merchant’s account, advocates for the credit card industry urge that this puts the consumer at greater risk.
		Another criticism made against prepaid debit cards is that consumers don’t have the same protection with prepaid debit cards as they do with credit cards if a thief decides to make unauthorized purchases with your card.
		However, in a voluntary move many debit card issuers have stepped forward and capped consumer liability on unauthorized purchases at $50 if the consumer acts quickly to report their card stolen to their debit card company.
	www.debit-card-guide.com /debit_card_risks.htm (1164 words)

	CardPick.com - Debit and Prepaid (Site not responding. Last check: 2007-11-02)
		Debit and prepaid cards offer the convenience of a credit card without the debt.
		Debit cards deduct your purchases directly from your checking account while prepaid cards are a pay-as-you-go system that allow you to load value onto your card.
		Some debit or prepaid cards offer guaranteed approval for consumers with bad or poor credit.
	www.cardpick.com /categories/debit-cards.html (131 words)

	ECHO Payment Processing - Debit Card Processing Services
		So popular are debit cards that VISA announced that more debit card transactions than credit card transactions had been conducted in a recent quarter.
		Conducting a debit card transaction is just as fast as conducting a credit card transaction.
		Debit card transactions will appear on your consolidated merchant processing statement and your online transaction reporting along with your credit card transactions.
	www.echo-inc.com /debit_card_processing.html (213 words)

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