Linked directly to customer checking or other demand deposit accounts (DDAs), debit cards are accepted as one of the fastest-growing payment methods today. Both customers and merchants alike find debit cards are fast, convenient and use the same equipment at the point-of-sale as credit cards for processing payments. MSG Payment Systems offers comprehensive PIN-based and signature-based debit card processing so your customers can use their bank ATM cards and check cards to pay for goods and services.
One of the fastest methods of payment available, PIN-based transactions occur at the point of sale, and are defined by the entry of a PIN (Personal Identification Number) by the cardholder. Also referred to as online debit.
Signature debit, also referred to as offline debit, is the use of a check card issued by a bank and with a Visa or Mastercard logo. During the transaction, the cardholder can elect to use the card as Debit (PIN-based) or Credit (Signature-based).
To learn more about Debit Card Processing, simply complete this request form.
Request more information about credit/debit cards.
Learn the definitions of the most popular credit card processing industry terms.