Credit Card

The global economy has witnessed the emergence of credit cards as a very useful service to businesses, merchants as well as individuals. The legacy of credit cards that we use today goes back to the nineteenth century when the term was first mentioned by Edward Bellamy. Bellamy described a concept to use cards for making …

Offline debit system is another mode of payment through which debit card transactions are processed. Also known as signature debit, the major difference present between online and offline debit systems is the fact that the customer does not have to enter the personal identification number while using an offline payment channel. The processing of payments …

Online debit system is one of the ways in which debit card payments are processed. An electronic authorization is required in any debit card transaction that is carried out through the online debit system. Once the authorization has been sought, the amount which is paid is immediately reflected in the account of the card holder. …

There are two other debit card payments systems that are used for payment processing apart from the online and offline debit systems; the electronic purse card system and the prepaid debit card system. Electronic Purse Card System Electronic purse card system is yet another payment system which is widely in use throughout Europe for processing payments.The …

In reality, prepaid credit cards cannot justify the concept of credit cards completely. The customer has to pay the amount for which purchases are made beforehand, which means that they are not provided with any credit by the issuer. The only reason why they are included as a type of credit cards is because of …

Reward credit cards can be called as special cards designed to attract customers by offering gifts and reward points. The customers receive some reward points every time they purchase something using the card. Generally, you need to have a better than average credit rating so that your application for a reward credit card is approved. …

If you believe that the thought of Zero Interest Credit Cards and zero percent balance transfer credit cards seems like a fool’s paradise that can’t possibly occur, think again. These offers do exist, and there are a great variety to choose from. But it is important to understand several caveats first before you apply. First of all, to qualify …

There are several people having a credit rating which is less than satisfactory to apply for a standard credit card. Standard credit cards are given only to those applicants who have a sound credit rating which guarantees the recovery of credit card bills. For those with a bad or credit score, secured credit cards are …

Smart credit cards are a resemblance to credit cards in appearance, but the card has a microprocessor fixed on it. It replaced the usual magnetic stripe with the microprocessor, which is embedded on one side of the card below the gold contact pad. This card also provides sturdy safety authentication for individuals sign on. Initially …

Comprehensively offered by majority of financial institutions and banks, standard credit cards are the common most type of credit cards readily available in the market. The additional benefit that they provide to the customers is the fact that they are unsecured. This means that the customer does not need to provide any sort of deposit …