An Automated Teller Machine (ATM) is a computerized terminal that allows individuals to perform banking transactions, such as cash withdrawals and deposits, without the need for a bank teller. ATMs provide 24-hour electronic access to bank accounts.
A cash card is a plastic card that enables customers of retail banks to obtain cash from automated teller machines (ATMs) using a personal identification number (PIN). Many cash cards also function as cheque cards and debit cards.
A plastic card issued by a retail bank to its customers to guarantee cheques drawn on the customer's current account up to a specified limit. Cheque cards have largely been replaced by multifunctional cards which also function as cash and debit cards.
A plastic card issued by a bank or building society that allows customers to pay for goods or services at retail outlets by directly debiting their accounts using a telephone network.
EFTPOS is the automatic debiting of a purchase price from a customer's bank or credit-card account through a computer link between the checkout till and the bank or credit-card company, often involving chip-and-PIN systems for secure transactions.
A multifunctional card is a versatile plastic card issued by banks or building societies, designed to perform multiple financial transactions such as debit card, cash card, and cheque card functions, facilitating easy access to various banking services using a personal identification number (PIN).
A plastic card embedded with a microprocessor that stores and updates information for purposes such as performing financial transactions and storing personal medical records.
