Banking system offers a number of clients’ services simplifying payments, transfers or other banking transactions. Debit card is a kind of a plastic card allowing holders to effect different payments without the necessity of using cash or checks. This option is considered to be a reliable means to keep money: each debit card has got a personal number (to authorize in an ATM); pin code (to access the funds), CVV code (for additional protection) and a client’s sample of signature (to be compared with one on a receipt when making purchases).

Debit card is a banking property. It is attached to a main account denoting all money operations done by a client. Magnetic stripe contains bearer’s information and connects the card to a banking network.

Regular clients of a bank may be granted certain credit funds accessible on their debit cards. Cardholders are given opportunity to use the funds available for their consuming needs. Shortage is covered by debit funds either coming on the card as a regular payment (for example wages or deposit interest) or cash transfer. If a borrower is unable to cover a debit card debt, bank is given a right to start a legal procedure of compulsory debit card debt collection. Client’s failure to repay a debt may be explained by bankruptcy.

Debt management is an important banking service. In fact, it is represented by debit card debt conversion program having individual approach to every client allowing him (or her) to postpone debt repayment and/or extend payoff terms.