Proprietary Debit Card

Proprietary Debit Card

A debit card issued by or in conjunction with a certain company. For example, a retail shop may issue a proprietary debit card along with a bank. The use of a proprietary debit card may entitle one to discounts or other incentives to buy from the issuer (or co-issuer).
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In addition, it links health care and workers' compensation payments to the company's proprietary debit card solutions through end-to-end provider payment processing for insurance companies.
DataPath Inc
This arrangement would also allow local banks to issue proprietary debit cards for domestic use only.
Bank Alfalah partners with 1Link
"The guidelines entail the adoption of a Philippine domestic EMV specification for proprietary debit cards," the BSP said in a statement.
Banks to adopt new technology on credit cards
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