One of the great advantages of debit cards is that the card can be used to buy goods and services over the internet. Because a debit card uses the same payment mechanism as credit cards, it has the same great flexibility without running up a balance or being charged high interest rates.
One of the big advantages of debit cards is that they can be used to pay for goods online in the same way as a credit card can. However many debit card users are worried that they may be opening themselves up to being defrauded if they do use their debit card online. Although this [...]
Debit cards can be seen as vulnerable to fraud as there is a large amount of money that can be accessed with a reasonably small piece of plastic. This is something that banks and credit card processors wish to discourage, and to that end they have developed more and more sophisticated anti fraud measures. There [...]
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 [...]