debit card(redirected from Electronic Funds Transfer Point of Sale)
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A bankcard used to make an electronic withdrawal from funds on deposit in a bank, as in purchasing goods or obtaining cash advances.
(Banking & Finance) an embossed plastic card issued by a bank or building society to enable its customers to pay for goods or services by inserting it into a computer-controlled device at the place of sale, which is connected through the telephone network to the bank or building society. It may also function as a cash card, a cheque card, or both
a plastic card through which payments for purchases are made electronically from the bank account of the cardholder.
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|Noun||1.||debit card - a card (usually plastic) that enables the holder to withdraw money or to have the cost of purchases charged directly to the holder's bank account|
magnetic stripe - a short strip of magnetic tape attached to a credit card or debit card; it contains data that will tell a reading device who you are and what your account number is, etc.
positive identification - evidence proving that you are who you say you are; evidence establishing that you are among the group of people already known to the system; recognition by the system leads to acceptance; "a system for positive identification can prevent the use of a single identity by several people"
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