This is when you open five or six different bank accounts, each one for a different expense such as a holiday or car. Each month, via direct debit or standing order, pay in a set amount to these accounts. Then, when you are ready for your summer holiday, the money will be waiting for you.
Quotes about debit (16 Quotes)
Basically, unemployment insurance will be handled much like welfare benefits, where there is an electronic debit card. Unemployment insurance benefit recipients will be given the option of having their unemployment payments directly deposited in their own bank account as they do now, basically or money can be deposited in a debit card account, and they can use it at any automated teller machine.
She's actually in Houston at the Astrodome, handing out debit cards to people who are in need. It's very important to her to do that kind of stuff with her life. It's important to her happiness.
The debit card is just the third of three ways of getting the same amount of assistance, ... The fastest or preferred way is through a bank account or by requesting a check. This is not a reduction or a change in benefits.
Never call an accountant a credit to his profession; a good accountant is a debit to his profession.
It's like a declining balance, like a debit card.
The 'Honor All Cards' policy says if you're a retailer and you take my credit card, then you have to take my debit card. Then whatever new product I come out with, you're forced to take all of these additional cards. It's a classic tying arrangement. Visa and MasterCard have attempted to monopolize the debit card market, and one of the ways is through these tying arrangements.
Consumers could be in for an even sweeter deal, either getting discounts from retailers for using the PIN debit cards or being rewarded by card network by winning money back for using the signature debit cards.
I prefer not to use credit cards. So when I can use my debit card, they can take it out of my account immediately. That was happening.
It does look like consumers are becoming a little more prudent and finding alternative ways to pay, such as debit cards.
We want to pay our own bank to do what we pay money centers to do now, which is to process debit and credit transactions to payment networks.
In an increasingly electronic world, an estimated 70 to 100 million credit-challenged consumers in the United States are turning to prepaid debit cards for online and offline transactions alike. Credit-challenged Americans include students, low-income persons, and new immigrants. Prepaid debit and gift cards enable anyone to transact online, offline, and by telephone, ... Prepaid cards are a perfect complement to Bills. com, our online bill payment property. The agreement with Carmen Electra -- given her fan base and natural appeal to a significant percentage of our target consumers is a coup for us.
As for the consumer, I think the savings is diminished compared to how much more the bank will make in these transactions. They are trying to increase the use of debit cards to increase their profits.
Merchants, retailers and card issuers alike could benefit from increased consumer access to this type of transaction, as consumers appear to be increasingly willing to use credit or debit cards in small payment purchases for a variety of items.
Since debit cards can be compromised at illegally modified POS devices and then used to fraudulently withdraw funds from ATMs, it is vital for GASA to monitor crime trends at both POS and ATM terminals. Best practices for POS security are now needed.
Indeed, at current growth rates, credit cards and debit cards will both surpass check in terms of total annual transactions in 2007. Such rapid change presents opportunities and challenges for an industry traditionally geared toward paper-based payment,