The areas where people use cheques, debit cards, credit cards and cash for payment, the tendency of issuing cheques for smaller amounts, impact on becoming aware about the processing cost , and shift towards debit cards. Introduction: Debit card is a mode of online payment through which payment can be made by using the information stored in the card. Credit card is a credit facility through which payment for purchases is done by the issuer of the card up to a limit for the purchases made by the holder, which can be repaid later by the holder.

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Chapter 20, Problem 3DCS

Summary Introduction

To discuss: The areas where people use cheques, debit cards, credit cards and cash for payment, the tendency of issuing cheques for smaller amounts, impact on becoming aware about the processing cost, and shift towards debit cards.

Introduction: Debit card is a mode of online payment through which payment can be made by using the information stored in the card.

Credit card is a credit facility through which payment for purchases is done by the issuer of the card up to a limit for the purchases made by the holder, which can be repaid later by the holder.

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