If the payee is unable to determine, at the time of the authorization, whether a credit or debit card number is involved, and later finds that the card used is a debit card, the payee must obtain a written and signed or (where appropriate) a similarly authenticated authorization as soon as reasonably possible, or cease debiting
the consumer's account.
How would a potential shift from advanced to sameday payments debiting
affect banks' customer satisfaction, adoption and activation levels?
The subsequent linking of electronic point-of-sale (POS) terminals to these networks has allowed consumers to use their debit cards to pay for purchases at supermarkets, gas stations, and other sites by debiting
their deposit accounts.
We will integrate EuroDebit Systems' debiting
capabilities into our PowerCash21(TM) platform.
an international pioneer in online debiting
of European checking accounts, today announced its Three Step Process to enable North American e-Merchants to add the DirectDebit(TM) transaction processing feature to any existing e-Commerce Web site.