DEBIT CARD

ADITHYA NARAYANAN
S5 BCA
DEBIT CARD

A debit card is a payment card that deducts money directly from a consumer’s checking account when it is used.
Also called “check cards” or “bank cards,” they can be used to buy goods or services; or to get cash from an
automated teller machine or a merchant
TYPE OF DEBIT CARDS

There are 6 type of debit cards

1. Visa Debit Cards
2. Master Card Debit Cards
3. RuPay Debit Cards
4. Contactless Debit Cards
5. Visa Electron Debit Cards
6. Maestro Debit Cards
VISA DEBIT CARDS

Visa debit cards are regarded as the most globally accepted debit cards for all kinds of online and electronic
transactions. Such types of debit cards are issued by banks that have tied up with the international Visa Payment
System network. Online transactions take place through the secure Verified by Visa payment platform. The
cardholders also have an overdraft facility.There are different types of Vis Debit cards. Usually, banks issue Visa
Classic Debit Card, Visa Gold Debit Card, Visa Platinum Debit Card, Visa Signature Debit Card, and Visa
Infinite Debit Card. Each card has its own unique features.
MASTERCARD DEBIT CARDS

MasterCard debit card fall within the popular types of debit cards. MasterCard is one of the world’s most
accepted forms of electronic payment. With a MasterCard, you can access your savings or current account
through the company’s SecureCode payment platform.
RUPAY DEBIT CARDS

RuPay debit card was introduced in India. Such types of debit cards are issued under a domestic debit card
scheme by the National Payments Corporation of India. These cards are accepted only domestically. RuPay debit
card can be used to make a variety of domestic transactions: you can pay for purchases on online and retail
outlets as well utility bill payments.RuPay is a great alternative to both MasterCard and Visa. The low
transaction costs and easy availability even in rural areas makes RuPay an attractive option.
CONTACTLESS DEBIT CARDS

Contactless debit cards allow the payments to be made without swiping the card. Simply wave this card over the
payment machine. The transaction is automatically processed. These debit cards offer a faster method of
cashless transaction.These debit cards work on the (Near Field Communications) or RFID (Radio Frequency
Identification) principle. Through these technologies, the card is connected to the PoS terminal. Such types of
debit cards are a very safe way of making electronic payments. You don’t have to hand over the card to the
cashier
VISA ELECTON DEBIT CARDS

Visa Electron debit card is very similar to Visa debit cards except that cardholders do not have an overdraft
facility. These debit cards ensure that you do not overspend.These debit cards can be used for cash withdrawal at
domestic and international ATMs. No interest charges are levied when you withdraw cash using a Visa Electron
debit card You cannot use a Visa Electron debit card to make offline payments in flights, trains etc., The reason
is the inability of PoS terminal to confirm if funds are transferred in real time
MAESTRO DEBIT CARDS

Maestro Debit cards are similar to the MasterCard debit card. These cards are accepted globally. You can use this
card to withdraw cash in ATMs across the world. Payment for online purchases, and for transactions at domestic
and international PoS outlets can be done through this card. Except ICICI Bank
ADVANTAGE OF DEBIT CARDS

 Debit card can be easily obtained: When you open a savings or current account, most banks issue a free
debit card.
 Very convenient to use: One of the advantages of a debit card is that it can be swiped for transactions as
well as withdrawal of cash from ATMs.
 Easily accepted: Debit cards are accepted widely all over India and at international destinations
 Earn rewards: Using your debit card too can help you gain rewards and cashbacindia offers. Several online
and retail outlets offer cashback offers for every purchase made on the debit card.
DEBIT CARDS

NAME : ADITHYA NARAYANAN

CLASS : S5 BCA

THANK YOU