Introduction
Debit and credit cards are used by customers for post paid and pre-paid transactions respectively. They promote cashless society since individuals do not carry their money with them while going to shop. The holder of the cards can use them to either debit or credit their bank accounts at any transaction terminal where the holder will have to produce the card for reading confirmation through the assistance of the system of computer before the actual transaction can be completed. The debit card for instance is a payment method which can be accepted at the terminal of transaction using PIN or ...