On the ATM card will be imprinted the company name and your name but it safe because in the ATM Machine only the card number stored, the names are NOT .
When you withdraw cash from ATM or use the card on shop to pay for goods, the ATM send to card issuer ( VISA or MASTERCARD) only the card number, the issuer then will send the number to the issuing bank , the bank check to see if you have funds in the card account, deduct the amount you withdraw, and reply with OK or NOT OK , than Visa Or Mastercard forwards the reply to the ATM and you can withdraw the money if the bank answered OK or you will get insufficient funds error if you dont have enough funds in your card account .
Only issuing bank card know the detail of your card and ATM card very safe to use .
PTVPARTNER
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment