Advantages Of Debit Card

3. Many college students may be working with credit or debit cards for the first time in their lives, and without proper

Debit card – Verify with ID, patient should be able to provide pin number or card to verify number on the back.

If you have ever bought something over the internet and used a credit card you may not have thought how secure is my information? Is this vendor someone I can trust with my credit card number? Will they inform me if my information is lost or stolen by them? These questions and many more can be answered by the Payment Card Industry Data Security Standard (PCI DSS). The PCI DSS compliance requirements are strictly enforced by the payment card brands to all merchants who transmit, store, or process credit card information. The main goals or objectives of PCI DSS are: build and maintain a secure network that is PCI compliant; protect cardholder data; maintain a vulnerability management program; implement strong access control measures; regularly

It looks similar to credit card but works very differently. A debit card deducts money directly from cardholder's account instead of giving credit and transfers it to seller's account. Debit cards are issued by banks but have names used by credit cards.

The liberalization of the money related divisions in Asia has brought about the fast spread of charge card organizations and monetary organizations giving different sorts of purchaser credit. The charge card market in general world has extended radically that the guarantors of outside nations has presented cellular telephone Visas for the comfort of their customers.(Amin, 2008) This, combined with the passage of remote banks, has enormously expanded the quantity of credit cards accessible, and consequently such spending in Pakistan. Despite the fact that charge card was presented in Pakistan decades prior when Habib Bank, the biggest bank in Pakistan, dispatched its gold card, however individuals had scarcely think about this card in view of its extremely restricted issuance. Several years back, Master card was introduced by ABL (Allied Bank of Pakistan), but that also was not get good attention. In year 1994, VISA Card is introduced by Citibank, that give a better turning point to plastic money industry in Pakistan. The working of Citibank no doubt was amazing that open doors for new offerings for the people of our country as well as for financial industry

Many of our time rely on credit and debit cards when purchasing items. While the two seem identical to one another, failure to know the difference can result in an economic catastrophe on the card owner's part. Debit cards are used as a way to spend money that the consumer already has by withdrawing the purchase amount directly from their account. On the other hand, credit cards allow the card owner to borrow money from the bank, in which the card is issued, up to a certain amount in order to make a purchase which they will pay back to the bank at a later date.

Credit Card: A credit card is different from a debit card in the way that credit cards are allowing you to use money that isn’t yours. A debit card disburses money from your checking account directly, and even if it has a “Visa” or “Mastercard” logo on it, it is still coming out of the money you already have. Credit Cards typically charge you interest for using the money that is not yours. Just like the revolving line of credit, keep your balances below 50% to be in the clear, but ideally 25-30%.

Online bank: Since this process is done by the internet, then various of threats can be caused.

One of the first rules in using a card is to use credit instead of debit. What people don't know is that credit cards offer a higher consumer protection against fraud. What makes it better is that many of them come with zero-liability

Although it is easy to forget your PIN number, especially if it is a unique one, which is recommended,

One reason is that there are few pros and cons of me using a debit card. The pros would be like it takes me less time to complete a purchase and it keeps me within budget and the cons would be like getting charged for extra fees and it will not help me to improve my credit

Magnetic-stripe based cards are the primary target for hackers who have been breaking into retailers like Target and Home Depot and installing malicious software on the cash registers: The data is quite valuable to crooks because it can be sold to thieves who encode the information onto new plastic and go shopping at big box stores for stuff they can easily resell for cash (think high-dollar gift cards and

The Bank Person- Why, yes we have Debit Cards so that you can pay for goods or services using money in your checking account.

We can save our information from taking .Saving your own personal information can help to increase the risk of identity theft. There are four ways to save your information from taking ;don't store your id or mail in any website especially your Social Security number; ask some questions before share your personal information; and protect suitable security on your computers and other electronic devices.Keeping Your Personal Information Secure Offline.

When using money electronically, such as a debit/credit card, when you lose it you are able to call and cancel it right when you know it’s gone to avoid people hacking your account, but when you lose money, once it’s, it’s gone. There’s no way of recovering it, unlike debit/credit cards. You are also able to make sure when using a debit/credit card that you pay only what you are supposed to when making a payment, unlike cash where a cashier could screw up how much money you receive back (Dave, 2016).