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2007-03-06 04:30:50 · 7 answers · asked by brad&tonia s 1 in Business & Finance Credit

7 answers

The first debit cards were introduced in the early 1980’s to enable consumers to obtain cash from ATMs by debiting their bank account. These early "ATM cards" were not accepted by merchants. In the mid-1980’s, merchants began to install Point-of-Sale (POS) devices with PIN pads to enable cardholders to pay using these cards by debiting funds from the consumers account and providing good funds to the merchant. Supermarkets, gas stations, and other merchants with high volumes of low-dollar payments led this effort. In the early 1990’s, debit cards were enhanced with a Visa or Mastercard logo, creating "offline" debit cards as described below. This latest enhancement allows cardholders to also use their debit cards wherever Visa or Mastercard credit cards are accepted

2007-03-06 04:35:02 · answer #1 · answered by CupCake 5 · 1 0

When Were Debit Cards Introduced

2016-11-02 23:28:45 · answer #2 · answered by Anonymous · 0 0

Debit cards are a little like cell phones..they have been around since about 1980, but started getting really popular in the mid to late 90s.

2007-03-06 04:50:19 · answer #3 · answered by Anonymous · 0 0

This Site Might Help You.

RE:
when were debit cards introduced?

2015-08-06 19:58:52 · answer #4 · answered by Anonymous · 0 0

Here's the complete history on how debit cards were introduced

2007-03-06 08:56:33 · answer #5 · answered by Anonymous · 0 0

Thank you! Very valuable information and this gives me better knowledge on this subject

2016-08-23 20:25:05 · answer #6 · answered by Anonymous · 0 0

I agree with your first answer.......i was gonna say the 1980s

2007-03-06 04:41:15 · answer #7 · answered by cajunrescuemedic 6 · 0 0

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