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Article #5685

Re: Debit card question

#5685
From: GregRo
Date: Thu, 05 Jan 2006 13:33
34 lines
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On Thu, 05 Jan 2006 05:00:31 GMT, "John Smith" <54354@432654353.65>
wrote:

>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.
>


That is partially correct.   The check card also operates as an ATM
card.   I thought Interac takes cirrus from other countries or are
they still working on this?


My card on the back has cirrus,  Star24, NYCE, Maestro.   With the
agreement between Interac and NYCE.   I could assume this card can
still be used at places that don't take Visa or Mastercard.  

http://gocanada.about.com/library/howto/htdebitpurchase.htm

http://www.starfinancial.com/personal/c_cards.htm
They forgot to add.  You can make purchases at pos terminal.
That don't take Mastercard.  If it is one of those systems above.





Greg Ro
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From: GregRo <webworm11@lycos.com>
Newsgroups: misc.consumers,ba.consumers,misc.consumers.frugal-living
Subject: Re: Debit card question
Date: Thu, 05 Jan 2006 08:33:57 -0500
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