Home Buyer Systems (HBS) unveils a credit and debit card payment facility for mortgage brokers looking to charge a fee for their advice.
The system will allow brokers who do not have a large enough volume of transactions to qualify for an individual plastic card facility to process payments in this way.
Customers who until now had to keep two separate cards — credit and debit card in their wallets — can now manage with a single card. Standard Chartered has launched a new card which will provide the customer the choice of the same plastic as a credit card or a debit card. Other banks are also looking at similar products. There are close to 27 million credit cards and 110 million debit cards now. Most banks have been pushing debit cards to their customers by converting their ATM cards to debit cards.
