🚀 go-pugleaf

John Smith <54354@432654353.65> wrote
> GregRo <webworm11@lycos.com> wrote

>> So do any banks in Canada offer check cards that come from your checking 
>> account or are they working on this?

>> USA CheckCards can be used at most place where they accept MasterCard
>> or Visa.   This part goes through the MasterCard or Visa system.

> No banks that I know of offer this service in Canada. The only type of
> "debit card" is your normal ATM card, and it uses the interac network
> which requires pin entry. Cash back is available with this card.

> Interac is very well supported by merchants, and is very popular
> amound customers. Most banks will give you a certain number of
> Interac debit transactions per month (15, 30, unlimited) with your
> banking plan. Merchants like it because there is lower transaction
> fees than credit cards.

> In 2001 Interac surpassed cash as the most popular payment method.

> Interac is also working on a system to easily "email" funds between
> customers of different banks. Helping to further make cheques obsolete.

Fark, Australia has had this for years now. You can make a
deposit into any bank or credit union account in the country,
you just need the BSB and account number and the account
holder's name. The BSB is the bank and branch identifier.

>> USA CheckCard can also be use at place where they have pin purchase
>> terminals and atms and you must use your pin number.  The transaction
>> goes through Star24, cirrus, nyce, maestro and others.

>> Those places that have a pin purchase terminal in Canada.
>> Do Usa checks card work at those places and do they have a cash back option?

> Having worked in retail, US checkcards are processed as MC or Visa
> and there is no cash back option. Unlike the US there is no option on
> the terminal to run it as a debit card or credit card. You just swipe
> the card and the machine decides what type it is.

> If you have a plain US , non Visa / MC branded ATM card, unless it has an 
> "interac" logo, it will not work in a Canadian point of sale terminal with pin 
> entry.

> However most Canadian ATMs support the Plus and Cirrus networks so you can 
> withdraw money from an ATM.