The abbreviation MM/YYYY on a credit or debit card refers to the two-digit month and four-digit year of the card's expiration date. If this date has passed, you won't be able to use your card, so make sure your bank sends you a new one before your old card expires. The expiratio...
What does mm/yy mean on a debit card? The abbreviation mm/yy signifies the expiration date of your debit card. It is found in the front of the card, below “expires end of”. “mm” refers to the two-digit representation of the month. Similarly, the term “yy” refers to the two...
If you have an electronic-use-only debit card, you may use this card online or in stores at electronic point-of-sale terminals like a regular debit or credit card. However, some merchants who make manual imprint, or non-electronic transactions -- pencil-traced imprint of your card informatio...
On this page, you'll find the legal definition and meaning ofDebit Card, written in plain English, along with examples of how it is used. What is Debit Card? “A bank issued card that can be used in lieu of a check to pay for goods and services as well as used as an ATM card....
Financial Reform Bill 101: What It Might Mean for Your Debit CardThe financial reform bill passed Thursday in the Senate couldreduce costs to retailers. That...By GrierPeter
expired card, suspicious activity, or even technical issues. When a transaction is declined, it essentially means that the cardholder does not have theavailable credit, the transaction violates the cardholder’s preset spending limits, or there is some other issue with the card or the transaction ...
Debit Card Purchases When you use yourdebit cardat a checkout line, you choose whether you want a "debit" or "credit" transaction. This choice is confusing because either one debits your account. If you select "debit," you must enter a secret PIN code, and the purchase immediately updates...
This number will be displayed in this format:MM/YY. So, a card expiring in January 2025 will have an expiration date of 01/25. What is the CVV number on a debit or credit card? On debit and credit cards, the Card Verification Value (CVV) isusually found on the back, next to the...
Later, when you receive payment on the account, you debit cash and credit accounts receivable. This should result in normal balances of debits in the asset accounts and credits in the liability and revenue accounts. Accounts receivable has a negative balance when it has more credits than debits...
Banks attempt to prevent debit card fraud by flagging cards when it appears that someone other than the card owner may have attempted to conduct a transaction. Generally, merchants cannot process transactions conducted with flagged debit cards until the