A consumer has a card that can be used either as a credit card or a debit card.
In the same situation, if the card is stolen and is used as a debit card to make purchases or to get cash withdrawals at an ATM from the checking account, the liability limits and error resolution provisions of Regulation E apply; Regulation Z does not apply.
When cash or financial assets are transferred to the recipient organization, the resource provider debits an expense and credits an asset or payable.
When the assets transferred to the recipient organization are nonfinancial, the resource provider debits an expense and credits an asset or payable.
The taxpayer initiates an ACH Debit using his taxpayer identification number (TIN) and a four-digit personal identification number (PIN).
If the ACH Debit method is used, anyone having the entity's TIN can hack at the PIN, and, if successful, mischievously transfer funds on its behalf.
With the increased convenience provided by the multi-purse debit
card, SHPS expects to see a significant increase in spending account programs," said Jeffery Lanzet, senior vice president, human resource product management for SHPS.
card that USXP Capital will offer at private postal stores is called the USXP Platinum card.
And, now with the new Citibank AAdvantage Debit
Card, they can earn AAdvantage miles on purchases made every day," said Ed French, President of the AAdvantage Marketing Programs.
Intro to Debit
: Explanations of debit
card and transaction types