Star Debit Card

By: EconomyWatch   Date: 6 October 2010

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EconomyWatch

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The star debit card belongs the star network which is one of America's leading PIN based debit card networks dealing in real time debit card transactions. A star debit card is a plastic card with the star network logo embossed on it.Using a star debit card enables one to access their account from anywhere across any terminal displaying the star logo.

Star debit card holders can acecess as many as 1.6 million retail locations all over the country.

 

  • Features of the Star debit card:
     

The essential features of the star debit card includes:

  • Withdrawals

a star debit card holder can withdraw cash from any terminal or business point of sale, which is registered with the star network.

  • Deposits.

Star debit card gives the liberty to a star debit card holder to deposit money into account from any terminal.

  • Transferring funds from place to another.

If one is required to send money to another place the star debit card facilitates the transaction.

  • Balance enquiry

Inorder to know the balance of the account, with the help of the star debit card the account can be accessed from anywhere.

  • Statement generation.

In addition to this facility a star debit card holder receives the monthly statements giving details of the transaction .

Around 140 million star debit card holders are connected nationwide by as many as 1.9 million ATMs(Automated Teller Machine).

  • Working of the Star debit card:

Star debit card transaction is very secured as the transaction is authenticated by the PIN(personal identification number).

The PIN encrypts the personal identification number and sends the same to the star debit card provider which in turn verifies the authenticity of the transaction.

The star debit card is linked to an account from which all the deductions are made. The transaction is verified online to check for the availability of funds.

Once the checking is the over purchase amount is deducted from the account to which the star debit card is linked.
 


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