Interswitch

Interswitch Debit Card is a plastic card, which provides an alternative payment method to cash when making purchases.  This card is like a credit card; however, its functionality is more similar to writing a cheque as funds are withdrawn directly from the cardholder’s bank account.

Interswitch cash card is a pre-loaded card that can be used to make purchases in shops, supermarket, filling stations and via the internet. With these cards, using telephone, ATM/POS and the internet, consumers can make purchases, check transaction and balances.

Features
•Cash Withdrawal/Deposit
•Funds Transfer
•Balance Enquires
•Full/Mini Statement Request and Printing
•Check book request
•PIN Change
•Payments of utility bills
•GSM airtime loading
•Ticketing
•Relief from the burden of carrying large sums of cash thereby minimizing loss through theft.

How it works
•Customer comes to the bank and requests for the card
•The application form is filled and vetted to ensure correctness. Proper KYC is taken.
•The card is issued after encoding the stripe and programming the card with the account details.
•The cardholder can now use the card to effect payment on any relevant engine.