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What are the major types of debit card transactions?

April 26, 2017Debit card transactions types

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What are the major types of debit card transactions?

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Debit card transactions can be accomplished through PIN debit (requires the consumer to enter a PIN), signature debit (no PIN required), online bill payment and online debit. Debit card transactions are the fastest growing point-of-sale payment method today. The acceptance of this payment method continues to remain popular because customers and merchants both appreciate the convenience and ease of using debit cards to purchase merchandise and services.