debit and credit differences.pptx
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Credit and debit card 1. 1. A PRESENTATIPON ON CREDIT AND DEBIT CARD 2. 2. Debit Card • Debit card allows direct withdrawal of funds from a customer’s bank account. It is a special plastic card connected with electro-magnetic identification that one can use to pay for purchases directly from his bank account. • It is used as Electronic check the funds are withdrawn directly from the account. (BANK CARD or CHECK CARD) • Instant withdrawal of cash, acting as the ATM • No annual fee. 3. 3. Types of Debit Cards • Pin only debit cards • Dual-use cards • Prepaid debit card • Online /offline debit cards and others 4. 4. Credit Card • Credit Card is a plastic card that allows its holder to buy goods or services on credit from approved sales outlets and to pay at fixed intervals through the bank. • Card Holder can borrow money for payment to a merchant and then pay it later with interest. No interest charge if the full payment is made by the due date. Some banks make a specific annual charge to their Card holders. 5. 5. Types of Credit Cards • Standard Credit Card • Premium Credit Card • Limited Purpose Credit Card • Specialty Credit Card 6. 6. Standard Credit Cards • Standard credit cards are the general purpose cards They are issued to those people whose age is above 18 year or exceed the financial institution's minimum credit criteria. No deposits are needed and the credit limit is established by the credit card issuer. 7. 7. Premium Credit Card • ". They are generally referred to as "upscale". They are offered to consumers with excellent credit, which means they've retained this standing for few years, and can afford high credit limit. These consumers typically have huge salaries and are heavy spenders and travelers. The interest and annual fees, however, tend to be high. • Example: Gold And Platinum Cards 8. 8. Limited Purpose Credit Card • Limited Purpose credit cards can only be used at specific locations. The card is used with a minimum payment and finance charge. • Example: Store Credit Cards and Gas Credit Cards 9. 9. Specialty Credit Cards Specialty cards typically are offered through affiliations, partnerships, major brand retailers or service providers. specialty credit cards share a partnership between organizations that support a social cause, professional organization or an alumni association. 10. 10. Transaction and Parties involved • Merchant • Acquirer • Issuer • Cardholder 11. 11. Transaction Processing 12. 12. Difference Between Credit Card and Debit Card Credit Card Debit Card Credit card is issued by a bank or financial institution to the holder of the card to purchase goods and services on credit. The payment is made by the bank on the customer’s behalf. Debit card is issued by a bank to allow its customers to purchase goods and services, whose payment is made directly through the customer’s account linked to the card. Transactions are of credit Nature. Transactions are of Debt Nature. Risk of overspending. No or Less risk of over
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Credit and debit card
This presentation provides an overview of credit and debit cards. It defines debit cards as allowing direct withdrawal of funds from a customer's bank account for purchases. Credit cards allow cardholders to borrow money for purchases and pay it back later, potentially with interest. The document describes different types of credit and debit cards such as standard, premium, limited purpose, and specialty cards. It also outlines the parties involved in a transaction and how transaction processing works. Finally, it summarizes the key differences between credit and debit cards, such as credit cards being for purchases on credit versus debit cards withdrawing directly from a linked bank account.
Credit Card
This document discusses credit cards and their history and features. It defines credit cards as plastic cards that can be used to make purchases or obtain cash using a line of credit. Credit cards are classified in different ways, including by mode of credit recovery (charge cards or revolving credit), status (standard, business, gold), geographical validity (domestic, international), franchise/tie-up (proprietary, MasterCard, Visa), and issuer (individual, corporate). The document also outlines the credit card cycle and provides advantages to both cardholders and credit card companies/banks, as well as some disadvantages.
Credit card
Credit cards are a form of deferred payment that allow cardholders to pay for goods and services based on a promise to pay the balance later. They have several components like the card number, expiration date, and security features. There are different types like standard cards, reward cards, and secured cards for rebuilding credit. Credit cards offer advantages like convenience and cash access but also risks like debt and fraud. Users should take safety precautions like keeping cards secure and reporting lost cards.
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This document provides an overview of credit cards including:
1. It discusses the history and evolution of credit cards from their origins in the 1950s to widespread adoption globally.
2. Key details about credit cards are explained such as what they are, eligibility requirements, classification based on various factors like issuer or validity, the credit card cycle and parties involved.
3. Various types of credit cards are defined like standard, premium, gold, platinum, silver, rewards, business, prepaid, corporate, smart and virtual credit cards. Advantages, disadvantages and safety tips are also summarized.
Credit Card
1. A credit card is pre-approved credit that allows individuals to purchase goods and services now and pay for them later. Credit limits are based on an individual's creditworthiness, or ability and willingness to repay debts.
2. Credit cards charge interest on unpaid balances and are primarily used for short-term financing. Holders can make purchases up to a pre-set credit limit and must make minimum monthly payments.
3. Credit card issuers, usually banks, set credit limits and reimburse merchants for purchases, while cardholders repay the issuer each month. Issuers make money through interest charges and fees.
Consumer credit
The presentation include brief of the consumer credit its meaning ,its types and further brief. It will not give detail notes about all but yes brief of everything is included.
If you think it is helping you out please let me know and also if any other topics which you think i should cover suggest me. your suggestions will be noted.
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Payment Due is up
to Rs. 2000
Rs. 400 if Total
Payment Due is
between Rs. 2001
- Rs. 5000
Rs. 600 if Total
Payment Due is
Rs. 5001 or more.
Payment Due is up
to Rs. 2000
Rs. 400 if Total
Payment Due is
between Rs. 2001
- Rs. 5000
Rs. 600 if Total
Payment Due is
Rs. 5001 or more.
Payment Due is up
to Rs. 2000
Rs. 400 if Total
Payment Due is
between Rs. 2001
- Rs. 5000
Rs. 600 if Total
Payment Due is
Rs. 5001 or more.
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Credit and debit card
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Credit Card
This document discusses credit cards and their history and features. It defines credit cards as plastic cards that can be used to make purchases or obtain cash using a line of credit. Credit cards are classified in different ways, including by mode of credit recovery (charge cards or revolving credit), status (standard, business, gold), geographical validity (domestic, international), franchise/tie-up (proprietary, MasterCard, Visa), and issuer (individual, corporate). The document also outlines the credit card cycle and provides advantages to both cardholders and credit card companies/banks, as well as some disadvantages.
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Credit cards are a form of deferred payment that allow cardholders to pay for goods and services based on a promise to pay the balance later. They have several components like the card number, expiration date, and security features. There are different types like standard cards, reward cards, and secured cards for rebuilding credit. Credit cards offer advantages like convenience and cash access but also risks like debt and fraud. Users should take safety precautions like keeping cards secure and reporting lost cards.
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Credit cards originated in the United States in the early 20th century when department stores issued metal plates to loyal customers, allowing them to buy on credit. Later, banks introduced general-use credit cards that could be used at multiple merchants. Credit cards offer convenient credit and a way to track expenses, and are accepted worldwide with various credit limits and rewards programs. There are standard credit cards as well as specialized cards like balance transfer cards, rewards cards, secured cards for those with poor credit, and business or student cards designed for specific users.
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This document provides an overview of credit cards including:
1. It discusses the history and evolution of credit cards from their origins in the 1950s to widespread adoption globally.
2. Key details about credit cards are explained such as what they are, eligibility requirements, classification based on various factors like issuer or validity, the credit card cycle and parties involved.
3. Various types of credit cards are defined like standard, premium, gold, platinum, silver, rewards, business, prepaid, corporate, smart and virtual credit cards. Advantages, disadvantages and safety tips are also summarized.
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1. A credit card is pre-approved credit that allows individuals to purchase goods and services now and pay for them later. Credit limits are based on an individual's creditworthiness, or ability and willingness to repay debts.
2. Credit cards charge interest on unpaid balances and are primarily used for short-term financing. Holders can make purchases up to a pre-set credit limit and must make minimum monthly payments.
3. Credit card issuers, usually banks, set credit limits and reimburse merchants for purchases, while cardholders repay the issuer each month. Issuers make money through interest charges and fees.
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The presentation include brief of the consumer credit its meaning ,its types and further brief. It will not give detail notes about all but yes brief of everything is included.
If you think it is helping you out please let me know and also if any other topics which you think i should cover suggest me. your suggestions will be noted.
Banking project on Credit Cards
Payment Due is up
to Rs. 2000
Rs. 400 if Total
Payment Due is
between Rs. 2001
- Rs. 5000
Rs. 600 if Total
Payment Due is
Rs. 5001 or more.
Payment Due is up
to Rs. 2000
Rs. 400 if Total
Payment Due is
between Rs. 2001
- Rs. 5000
Rs. 600 if Total
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Rs. 5001 or more.
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to Rs. 2000
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Vidhi Presentation.pptxbhgegfhwhfghruihfeur
Credit cards allow users to make purchases now and pay for them later. They are plastic cards issued by banks that authorize the holder to buy goods or services on credit. Credit cards display key information like the card number, expiration date, security features, and customer's name. There are various types of credit cards classified by credit recovery method, status, geographical validity, franchise, or issuing entity. Credit cards provide advantages like convenience and access to credit for customers, merchants, and banks, but also risks like theft, fraud, and debt for these groups.
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2) Credit card transactions involve cardholders, merchants, acquirers, card associations, and issuers. Transactions are authorized, batched, cleared and settled through the card network before the merchant receives payment less fees.
3) There are various types of credit cards including cash back, premium, airline, business, and secured cards that have different benefits, requirements, and interest structures.
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A credit card is a small plastic card that allows users to make purchases and pay for them over time. The card issuer opens a revolving line of credit for the user and charges interest on any balances that are not paid off each month. Credit cards differ from debit cards, which deduct funds directly from a linked bank account, and charge cards, which require payment in full each billing cycle. While credit cards have grown popular for their convenience, issuers charge fees for late payments, exceeding the credit limit, cash advances, and other penalties to mitigate risk.
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Credit cards allow users to make purchases and pay the balance later, with interest charged on unpaid balances. A credit card transaction involves several parties: the cardholder makes a purchase from a merchant, who is paid by an acquiring bank; the card-issuing bank then pays the acquiring bank and bills the cardholder. Key benefits of credit cards include convenience and fraud protection compared to debit cards. Customers have a grace period before interest is charged if they pay the monthly statement balance in full. Fees charged to customers can include late fees, over-limit fees, and fees for cash advances or foreign transactions.
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A credit card allows individuals to make purchases and pay back the amount over time, with interest charged on unpaid balances. Credit cards are issued by banks or other financial institutions to customers who can then use them to buy goods and services. Key features of modern credit cards include annual fees, interest charges, cash advance fees, and other penalties. Credit cards provide convenience for purchases but can also contribute to debt if not managed carefully.
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A credit card allows cardholders to pay for goods and services with the promise to pay later. It was invented in 1887 and the first credit cards emerged in the 1920s in the US. Key details include the card number structure, parties involved in transactions, and benefits to customers and merchants. Credit cards offer rewards but also risks like debt that debit cards do not. Merchants may pass on credit card transaction fees through higher prices for all customers. Different credit cards have varying interest rates, annual fees, rewards programs, and other features to consider.
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The document discusses the different types of payment cards available, including credit cards, charge cards, ATM cards, debit cards, and prepaid cards. Credit cards provide a line of credit up to a spending limit and require minimum monthly payments, while charge cards require payment in full each month. ATM cards access bank accounts at ATMs, and debit cards allow direct payments from checking accounts. Prepaid cards work like debit cards but are funded with deposits instead of a bank account. The document also notes various fees associated with different card types and importance of researching terms before applying.
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The document discusses legal liability for accountants and auditors. It covers several key concepts:
1) The legal environment for professionals like CPAs has become more litigious, with higher standards, more oversight from the SEC, increased complexity, and economic downturns contributing to more lawsuits.
2) There is an "expectation gap" between what auditors are responsible for and what users expect, leading to litigation when businesses fail regardless of the auditor's performance.
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1. The decision making process involves 6 steps: clarify the decision problem, specify criteria, identify alternatives, develop a decision model, collect data, and make a decision.
2. For decision making, information should be relevant, accurate, and timely. Relevant costs are future, incremental costs that have a bearing on alternatives.
3. Types of decisions include operational, tactical, and strategic. Tactical decisions have a limited end in view while strategic decisions establish long term competitive advantage.
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Lecture-3.pdf
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debit and credit differences.pptx
- 1. WHAT ARE THEY? DEBIT CARD CREDIT CARD MADE BY MOHAMMED AL-YEMENI
- 2. Debit card allows direct withdrawal of funds from a customer’s bank account. It is a special plastic card connected with electro-magnetic identification that one can use to pay for purchases directly from his bank account It is used as Electronic check the funds are withdrawn directly from the account. (BANK CARD or CHECK CARD) • Instant withdrawal of cash, acting as the ATM DEBIT CARD DEBIT CARD No annual fee MADE BY MOHAMMED AL-YEMENI
- 3. PIN ONLY DEBIT CARDS 1 2 3 DUAL-USE CARDS PREPAID DEBIT CARD TYPES OF DEBIT CARD 4 ONLINE /OFFLINE DEBIT CARDS AND OTHERS MADE BY MOHAMMED AL-YEMENI
- 4. STANDARD CARD Standard credit cards are the general purpose cards They are issued to those people whose age is above 18 year or exceed the financial institution's minimum credit criteria. No deposits are needed and the credit limit is established by the credit card issuer TYPES OF CREDIT CARDS MADE BY MOHAMMED AL-YEMENI
- 5. Credit Card is a plastic card that allows its holder to buy goods or services on credit from approved sales outlets and to pay at fixed intervals through the bank. Card Holder can borrow money for payment to a merchant and then pay it later with interest. No interest charge if the full payment is made by the due date. Some banks make a specific annual charge to their Card holders. CREDIT CARD CREDIT CARD MADE BY MOHAMMED AL-YEMENI
- 6. STANDARD CREDIT CARD 1 2 3 PREMIUM CREDIT CARD LIMITED PURPOSE CREDIT CARD TYPES OF CREDIT CARD 4 SPECIALTY CREDIT CARD
- 7. STANDARD CARD Standard credit cards are the general purpose cards They are issued to those people whose age is above 18 year or exceed the financial institution's minimum credit criteria. No deposits are needed and the credit limit is established by the credit card issuer TYPES OF CREDIT CARDS MADE BY MOHAMMED AL-YEMENI
- 8. PREMIUM CREDIT CARD They are generally referred to as "upscale". They are offered to consumers with excellent credit, which means they've retained this standing for few years, and can afford high credit limit. These consumers typically have huge salaries and are heavy spenders and travelers. The interest and annual fees, however, tend to be high. Example: Gold And Platinum Cards TYPES OF CREDIT CARDS
- 9. LIMITED PURPOSE CREDIT Limited Purpose credit cards can only be used at specific locations. The card is used with a minimum payment and finance charge. Example: Store Credit Cards and Gas Credit Cards TYPES OF CREDIT CARDS
- 10. SPECIALTY CREDIT Specialty Credit Cards Specialty cards typically are offered through affiliations, partnerships, major brand retailers or service providers. specialty credit cards share a partnership between organizations that support a social cause, professional organization or an alumni association. TYPES OF CREDIT CARDS
- 11. TRANSACTION AND PARTIES INVOLVED • MERCHANT • ACQUIRER • ISSUER • CARDHOLDER MADE BY MOHAMMED AL-YEMENI
- 12. TRANSACTION PROCESSING MADE BY MOHAMMED AL-YEMENI
- 13. Difference Between Credit Card and Debit Card Credit
- 14. THANK YOU MADE BY MOHAMMED AL-YEMENI source:Naresh Prajapati ,Anand Institute of Mangement