Proprietary Debit Card

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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).
References in periodicals archive ?
This arrangement would also allow local banks to issue proprietary debit cards for domestic use only.
"The guidelines entail the adoption of a Philippine domestic EMV specification for proprietary debit cards," the BSP said in a statement.
The guidelines entail the adoption of a Philippine domestic EMV specification for proprietary debit cards. However, it does not preclude the issuers of co-branded cards from adopting established international schemes for said cards.