Answer by Daniel Anderson for Are Online Debit System and Pin-and-Chip Debit...
"Online Debit" obviously refers to online debit (not credit) transactions. The distinction comes for the merchants, who often pay higher transaction fees to accept debit rather than credit...
View ArticleAnswer by BobbyScon for Are Online Debit System and Pin-and-Chip Debit card...
They are essentially the same. What that article is discussing is how the transaction runs in near-real-time because of the extra authentication step involving a PIN. The term "Online debit system" has...
View ArticleAre Online Debit System and Pin-and-Chip Debit card one and the same thing?
Look at https://en.wikipedia.org/wiki/Debit_card#Online_debit_system and I have seen many a discussions revolving around the supposedly more secure chip-and-pin/EVM Debit/Credit cards. Are these the...
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