A bank card with unique serial numbers is a payment card. Our bank cards let clients get to assets in checking or investment accounts or make buys against a credit extension. ATM cards, platinum cards, and charge cards are altogether viewed as a bank card.
A debit card can also be used as an ATM card. ATM means Automatic Transfer Machine and they have been around since the late 1960’s. Debit cards are mostly used to withdraw cash, but a consumer can also make deposits into one’s account during and outside normal business banking hours.
Credit cards enable shoppers to buy merchandise and ventures by acquiring against an endorsed line of credit. It is also considered to be a loan. Purchases made during the month are charged to the purchaser and then covers the cost sometime in the not too distant future.