A Debit Card is a plastic payment Card that provides the Cardholder electronic access to his or her bank account at a Bank/Financial institution. Some Cards have stored value which could be used for payments. Most cards relay a message to the Cardholder's bank to transfer funds from a payer's designated bank account. The Card can be used in lieu of cash while paying for purchases. Consumers are increasingly adopting the electronic technology for making payment and use of Debit Cards is higher for younger generation and is highest for single people. A very small fraction of respondents are using Debit Card for making online payment for purchase of goods and services. However, a sizeable number are using Debit Cards from multiple banks. ANOVA study on Mean Level of satisfaction in Usages of Debit Cards has revealed that there is no significant difference in satisfaction level on Usage of Debit across various methods.
Debit Card, ATM Card, On-line shopping, Pre-paid Debit cards, Money Transfer, Money withdrawal, Smart Card
