January 18, 2013

Swipe! How a debit card helps you pay as you go

By Marcie Geffner - Bankrate.com

Consumers love debit cards.

And no wonder. This payment method is convenient and secure, and it allows consumers to "pay as they go and track their spending of ready funds," says Ed Kadletz, head of debit and prepaid cards at Wells Fargo in Minneapolis.

But what really happens when a consumer makes a purchase with a debit card? Here's a quick tour through the three-part process.

Read on: http://au.finance.yahoo.com/news/swipe-debit-card-helps-pay-080012644.html