Chip and Pin on Debit Cards

Chip and pin is an antifraud measure that is gradually being introduced in Australia, with all debit cards having them by 2015. It involves a card having a chip put in as well as the metallic stripe on the other side of the card.  The chip allows a specialised computer to read the chip and [...]

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The differences between EFTPOS and Pre-Paid Credit Cards

EFTPOS, or debit, cards are quite commonly compared to pre-paid credit cards.  This is because although they both look like credit cards and they are accepted by the same payment system that credit cards are accepted by. In fact they are quite different. There are also prepaid debit cards, also called “reloadable debit cards”.  These [...]

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