[Chase Paymentech] What is «Signature Debit»?

payment
bank-card
chase
chase-faq
debit-card
chase-debit-card

(Dmitry Fedyuk) #1

Signature Debit can take place at a retail location or an online Web site.
Transactions are routed through the credit card networks (e.g., Visa® and MasterCard®) but are paid using a consumer’s funds on deposit in their checking or savings account.
No entry of a PIN is required for a signature debit transaction.
As a result, there may be a heightened risk of fraud, and typically a higher interchange rate is charged to the merchant.

chasepaymentech.com/debit_card_processing.html


[Chase Paymentech] What is «Online Bill Payment» («PINless Debit»)?
[Chase Paymentech] What is the difference between PIN debit and signature debit?
[Chase Paymentech] What are debit cards?
[Chase Paymentech] What is the difference between PIN debit and signature debit?
[Chase Paymentech] What are the major types of debit card transactions?
[Chase Paymentech] What types of debit cards can I accept?
[Chase Paymentech] What is «PIN Debit»?
(Dmitry Fedyuk) #2

See also: