bank card definition

bank card

Bank-issued plastic card with a magnetic stripe that holds machine readable identification code. Bank cards are used for electronic commerce (with magnetic stripe readers or via Internet) and for banking transactions through automatic teller machines (ATMs). Two main types of bank cards are credit cards (which allow drawing of funds up to an approved credit limit) and debit cards (which allow drawing of funds up to the available balance in cardholder's account).

bank card is in the Banking, Commerce & Finance, E-Commerce and Internet & World Wide Web subjects.

bank card appears in the definitions of the following terms: electronic commerce (E-Commerce), magnetic stripe, plastic money, interchange, add-on sale, debit card and point of sale terminal

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