What is a card brand?

MIDIGATOR Glossary A card brand (sometimes called a card network or association) is an organization that facilitates payment card transactions. It regulates who, where, and how cards are used. Examples of card brands include Visa®, Mastercard®, American Express®, Discover®, China UnionPay®, and JCB®.

What are the different types of debit cards?

There are four main types of debit cards. The key difference between the types is generally the entity issuing the card. Regular debit cards. These are issued by your bank or credit union and are tied to a checking or money market account. They typically carry a VISA, Mastercard or Discover logo and can be used for purchases in-person or online.

What is a debit card & how does it work?

A debit card is a payment card that makes payments by deducting money directly from a consumer’s checking account, rather than on-loan from a bank or card issuer. Debit cards offer the convenience of credit cards and many of the same consumer protections when issued by major payment processors such as Visa or Mastercard. 7

Are debit cards a good choice in the UK?

Most debit cards in the UK lack the advantages offered to holders of UK-issued credit cards, such as free incentives (points, cashback etc.; the Tesco Bank debit card was one exception), interest-free credit and protection against defaulting merchants under Section 75 of the Consumer Credit Act 1974.