| Term | Definition |
|---|---|
| Debit Network |
A debit network is an electronic network that permits several types of financial transactions, including ATM cash withdrawals, debit card transactions, and online bill pay. Merchants can choose which debit network to route their transactions through, and are required to be offered at least two unaffiliated networks to choose from. Major debit networks include Visa, Mastercard, and Star. |
