description of a debit card, types, advantages and disadvantages of debit card, difference between debit and credit card.

1. DEBIT
CARD

2. ISSUING
BANK LOGO
EMV
CHIP
CARD
NUMBER
CARD
BRAND
LOGO
EXPIRATION
DATE
Front of Debit
Card

3. HOLOG
RAM
CARD
SECURITY
MAGNETIC
STRIP
SIGNATURE
STRIP
Reverse side of Debit
Card

4. There are currently three ways that debit card
transcations are processed
TYPES OF DEBIT CARD SYSTEM

5. TYPES OF DEBIT CARD SYSTEM
• Online Debit System

6. 2. Offline Debit System
3. Electronic Purse Card System (EPCS)
4. Prepaid Debit System

7. • Easily obtainable
• Convenient
• Safety
• Accepted everywhere
• Keeps you in budget
• Pin number protected
ADVANTAGES OF DEBIT CARD

8. DEBIT CARDS DONT HELP YOU
OUT IN BUILDING YOUR CREDIT
SCORE
MERCHANT AND BANKING
INSTITUTIONS BLOCKS
NUMEROUS FEES
INSTANT MONEY COMES WITH
INSTANT RISK
DISADVANTAGES OF DEBIT CARD

9. DIFFERENCES BETWEEN DEBIT AND CREDIT CARDS
• Debit card, the customers account is debited immediately if any
purchase is made or cash is withdrawn.
• A bank account has to be opened and sufficient amount has to be
kapt to the extent of transcations.
• The possibility of risk or fraud is ledd in case of debit.
• The installation of Debit card system is costlier.
• No interest is charged as money belongs to customer.
• Credit cards holders get a credit for the period of 30 to 45days.
• In case of Credit card, opening a bank account and maintaining
a required amount is not essential.
• The possibility of risk or fraud is more in case of Credit card.
• The installation of Credit card system is cheaper when
compared to Debit card.
• Interest is charged on the cash withdrawn, or balance carried
in caseof Credit cards.