In addition to credit cards, presently the market is flooded with debit / ATM cards. A debit card enables a bank customer to draw cash from an ATM of any bank, without necessitating to visit the branch. The customer can also use the card for making payments online for purchases as well as for making other payments like school/college fees etc. At the merchant establishments also, the cardholder can swipe the card in the swiping machines and make payment
These cards are as good as credit cards for making payments. The only difference is that the debit / ATM cards can be used for payments of amounts to the limit of balance in the account. This is the reason for calling them debit cards. As soon as the card is used in the shops or online payments, the amount is debited to the account. In fact, the clearance for payment is given by the bank before making the payment, by verifying whether the adequate balance is available in the account. While the debit card is a mode of making payments conveniently, for the bankers, this is a boon in saving the manpower costs and consequently the reduction in the transaction costs.
For Citing this article use:
- Sambaiah, R. (2019). Influence of E_Banking on Banks Performance an Empirical Analysis on Bankers and Customers Perception.
