Credit / Debit Card

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Why Choose Capital Processing Group for Credit / Debit Processing?

A debit card (also known as a bank card or check card) is a plastic payment card that provides the cardholder electronic access to their bank account(s) at a financial institution. Some cards may bear a stored value with which a payment is made, while most relay a message to the cardholder’s bank to withdraw funds from a payer’s designated bank account. The card, where accepted, can be used instead of cash when making purchases. In some cases, the primary account number is assigned exclusively for use on the Internet and there is no physical card.

In many countries, the use of debit cards has become so widespread that their volume has overtaken or entirely replaced cheques and, in some instances, cash transactions. The development of debit cards, unlike credit cards and charge cards, has generally been country specific resulting in a number of different systems around the world, which were often incompatible. Since the mid-2000s, a number of initiatives have allowed debit cards issued in one country to be used in other countries and allowed their use for internet and phone purchases.

Unlike credit and charge cards, payments using a debit card are immediately transferred from the cardholder’s designated bank account, instead of them paying the money back at a later date.

Debit cards usually also allow for instant withdrawal of cash, acting as the ATM card for withdrawing cash. Merchants may also offer cashback facilities to customers, where a customer can withdraw cash along with their purchase. You can only spend so much on these at a time and if you spend too much your account can be blocked for a while.

Applications:

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About Us

Capital Processing Group is a leading provider of payment technology and services to merchants and corporations of any size. CPG makes it easy for our clients to process transactions using our deposit services, deposit initiation, online credit card processing, remote deposit capture, ACH processing and multi-channel payment acceptance. Capital Processing Group offers multiple payment solution options that enable merchants to manage cash, accept and initiate payments more cost-effectively, securely and reliably. Our best-of-breed solutions incorporate robust, real-time payment engines that are web-enabled with comprehensive risk management functionality.

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