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North American Bancard Glossary

Glossary

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O

Term Definition
Off-line Debit

An off-line debit card does not deduct funds from the checking account immediately. Transactions are processed like a regular credit card and the funds are not deducted for approximately 24-72 hours. Off-line debit cards have a MasterCard, and Visa, or Discover logo.

On-line Debit

An on-line debit card deducts funds from the bank account immediately, as soon as the card is used. There is no delay for processing the transaction. On-line debit cards can either have the MasterCard, Visa, or Discover logo, or they can have only the user’s logo, like an ATM card.

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Visa, Mastercard, Discover, AmexNorth American Bancard is a registered Independent Sales Organization/Merchant Service Provider for HSBC Bank USA,National Association, Buffalo, NY and Wells Fargo Bank, N.A.,Walnut Creek, CA.American Express may require separate approval. ©2013 North American Bancard - All Rights Reserved.