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Debit card competition: signature versus pin
Abstract: This article explores costs and benefits of two types of debit card authorization methods?signature and PIN (personal identification number)?for merchants, consumers, and financial institutions. It also considers competition between signature- and PIN-based debit cards in the United States and looks at Canada's predominant usage of PIN-based debit cards.
Keywords: Debit cards; Payment systems;
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Bibliographic Information
Provider: Federal Reserve Bank of Chicago
Part of Series: Chicago Fed Letter
Publication Date: 2005
Issue: Dec
Order Number: 221