Debit Cards Can Help Consumers Manage Spending During Holidays
03 Dicembre 2008 - 3:00PM
Business Wire
In today�s economic downturn, most families are feeling pressure to
spend frugally this holiday season, as the growing importance of
properly managing household funds compels consumers to keep a
watchful eye on spending. This month, PULSE, a leading ATM/debit
network and Discover Financial Services (NYSE: DFS) company, offers
consumers helpful tips on using debit cards to save money, manage
their budget and protect their identity during the holiday shopping
season. �The holidays can be a difficult time of year for consumers
to keep track of just how much money they are spending on gifts,
travel and entertainment,� said Cindy Ballard, PULSE executive vice
president. �Debit cards offer a great way for consumers to monitor
their spending online almost instantly, allowing more accurate,
real-time budget tracking and better financial management as
compared to cash and checks.� Debit cards offer consumers control
over their finances, with the money spent in a debit card
transaction drawn from existing funds in their account. �It is
important for consumers to remember to track account balances
through register entries or online banking, to avoid overdrafts and
associated fees,� said Ballard. The holiday season is also a good
time to think about the coming year and how to plan a family
budget. For more information, visit www.DebitFacts.org, where this
month�s exclusive expert article features tips from financial
planning expert Judy Lawrence on how to build a monthly budget that
accounts for holidays, savings and everyday expenses.
DebitFacts.org, sponsored by PULSE, helps consumers learn how to
prevent identity theft, lower the risk of financial fraud and use
their debit cards to track spending when shopping during the
holidays and year-round. PULSE Holiday Spending Tips Change Your
PIN � Changing your debit card PIN periodically and using different
PINs for different accounts provides a greater level of security
and can make it more difficult for a criminal to use your card.
Surf Securely � Look for secure transaction symbols when shopping
online to ensure your account information is protected. Report
Missing Cards � Immediately call your financial institution if your
debit card is lost or stolen to reduce the chance that it will be
used improperly. Protect Your PIN � Never give your PIN to anyone
online or in person, for any reason. Never let anyone enter your
PIN for you. Track Your Spending � Check your balance online to
ensure that all of the charges are accurate, and not fraudulent.
For more tips and facts about debit card usage, visit
www.DebitFacts.org About PULSE PULSE is one of the nation�s leading
ATM/debit networks, currently serving more than 4,500 banks, credit
unions and savings institutions across the country. PULSE is owned
by Discover Financial Services (NYSE: DFS). The network links
cardholders with more than 265,000 ATMs, as well as POS terminals
at retail locations nationwide. The company is also a valued
resource for industry research related to electronic payments and
is committed to providing its participants with education on
evolving products, services and trends in the payments industry.
For more information, visit www.pulsenetwork.com.
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