Student essay is very important in collegeTopic: Traditional
Education Debit Card (Debit cards), which are used to pay for
goods and services, withdraw cash from ATMs by directly debiting
the payer of the amount of money that is encoded on a magnetic
strip card. In other words, these cards can be used as a means
of access to certain client accounts. Such cards are the most
simple and versatile substitute for cash. Unlike credit cards,
they do not allow to pay for purchases with no money in the
account. 5) cards for electronic banking machines (Electronic
Banking Machine - EBM, or Automatic Teller Machine - ATM). They
are a form of debit cards and are used to withdraw cash from
ATMs within the available funds in client's account and cash in
deposit on account of the client. Granted to Bank, in which the
customer has a deposit. 2.2 Classification of cards from a
technical point of view From the perspective of technological
design all kinds of payments cards are divided into 2 groups: 1)
cards with magnetic stri