Glossary

Debit Card

A thin plastic rectangle with data stored on a magnetic stripe that is issued to a Customer for the sake of transacting through customer’s account held with an Issuer.

How does Debit Card work?

Debit Card connects the account which is held by a Customer with an Issuing Bank and allows to enter into Card Present Transactions. It connects the account which is held by a Customer and allows to directly use funds which are stored with the Issuer.

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