Different Types Of Debit Card Systems We Use In Our Banking Life

6828

Here Are Different Types Of Debit Card Systems Which We Use In Our Banking Life

In our everyday banking life we come across different types of debit card such as debit and credit cards and one might observe that various different names are imprinted on the cards. Anyone Ever Wondered what these names actually mean. Relax, below we gave a list of the cards and what they actually mean. There Are Many Different cards Such As American Express Discover Master Card Visa Solo card Interac Maestro Card Rupay Card

different types of debit card systems

Different Types Of Debit Card We Use In Our Banking Life

In Our Day To Day Banking Life We Come Across Various Debit Card's Provided By Our Respective Bank's. But Ever Wondered Why Debit Card's Have Different Name's Associated. Each Such Name have Some Specific Features. SO, Now Common Let's Learn About Them:-
Card NamesAbout It Website
American ExpressThe American Express Is a company also known as "AMEX" a financial service located in Mnahattan, New York. New York Gov Launched this in 1850 to empower its consumer with the feature of banking rights within their captive.https://www.americanexpress.com/
Discover CardDiscover Card transactions are processed through the Discover Network payment network. As of February 2006, the company announced that it would begin offering Discover Debit cards to banks, made possible by the Pulse payment system, which Discover acquired in 2005.http://discover.com/
Master Cardits main business is to process installments between the banks of vendors and the card issuing banks or credit unions of the buyers who utilize the "MasterCard" brand charge and Mastercards to make buys. MasterCard Worldwide has been a traded on an open market organization since 2006. Before its first sale of stock, MasterCard Worldwide was a helpful claimed by the more than 25,000 money related establishments that issue its marked cards.http://www.mastercard.com/
Visa cardIt facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards and debit cards.http://visa.com/
Solo (debit card)Solo was a charge card in the United Kingdom acquainted as a sister with the then existing Switch. Propelled on 1 July 1997 by the Switch Card Scheme, it was intended for use on store accounts, and additionally by clients who did not fit the bill for a Switch card (or, later, Maestro card) on current records, for example, adolescents.http://www.maestrocard.com/uk/solocard/
Interac Debit CardPicture result for what is interac charge card

Interac Direct Payment (IDP) is Canada's national check card administration for acquiring of products and administrations. Clients enter their own recognizable proof number (PIN) and the sum paid is deducted from either their chequing or bank accounts.
http://www.interac.ca/
Carte Bleue CardCarte Bleue (English: Blue Card) was a noteworthy plastic installment framework working in France. Not at all like Visa Electron or Maestro platinum cards, Carte Bleue permitted exchanges without requiring approval from the cardholder's bank. Much of the time, the card worked like a charge card however without expenses for the cardholder. The framework has now been coordinated into a more extensive plan called CB or carte bancaire ("saving money card"). All Carte Bleue cards were a piece of CB, yet not all CB cards were Carte Bleue.

The framework is national, and unadulterated Carte Bleue cards did not work outside France. In any case, it is conceivable and typical to get a CB Visa card that works outside France. Carte Bleue was, in fact talking, the neighborhood member of Visa.
https://www.apply.eu/
China UnionPayChina UnionPay, otherwise called UnionPay or by its contraction, CUP, is the main household bank card association in the People's Republic of China.http://www.unionpayintl.com/
RuPayPicture result for RuPay

RuPay is an Indian local card plan considered and dispatched by the National Payments Corporation of India (NPCI). It was made to satisfy the Reserve Bank of India's yearning to have a residential, open circle, and multilateral arrangement of installments in India.
http://www.npci.org.in/RuPayBackground.aspx
Maestro (debit card)Maestro is a multi-national check card administration possessed by MasterCard that was established in 1992. Maestro cards are acquired from partner banks and can be connected to the card holder's present record, or they can be prepaid cards.http://www.maestrocard.com/