A debit card is a prepaid plastic card that is linked to a financial account to use for completing payments or making purchases. It is considered a cash form of payment as the funder utilized to complete the transaction are immediately and automatically withdrawn from the financial account the card is associated with.
Debit cards offer the same benefits to users as a credit card, though there is no inherent risk on the part of the issuer or the user. The funds used to complete purchases with a debit card are not borrow, but pre-deposited by the card user. The card user must refill their account in order to continue spending money using the debit card.
iBankDNA offers our customers two different debit cards: Maestro/Cirrus and Mastercard Debit. These cards can be used at one of the largest ATM and point-of-sale networks in the world as well as anywhere the Mastercard, Maestro or Cirrus logos are seen.
iBankDNA is proud to be able to provide multiple ways for merchants to process payments. You can download the Integration Document (API) below for your reference. Please note that by downloading the API you are agreeing to accept the terms of the iBankDNA International Ltd. User Agreement.