Offset accounts are savings accounts that are attached to a mortgage account, and they reduce mortgage interest. A growing number of them have debit cards.
Debit cards are often seen as an alternative to credit cards. This is partially true, but there are some things that credit cards do that debit cards do not.
There is a new credit card that is starting to come into the Australian market, the hybrid card or the current account credit card. Essentially the card is a combination of a debit card a credit card. Like a debit card it has a direct link to the transaction account of the card holder. In [...]
EFTPOS, or Electronic Funds Transfer at Point of Service, is the backbone of the debit card system. To the consumer the EFTPOS system seems simple. They present a card, it gets confirmed by either a signature or a pin number and then they have the good while their bank account decredebiases by this price. In [...]
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 [...]