Card holder - what is it on a bank card?

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Your card has several fields, one of them is the card holder. But what is it? Card holder on a bank card indicates important information. This is the name and surname of the cardholder, if translated literally. But in fact, this is the owner of the bank account to which the bank card is linked. This word has another meaning. It is known that a card-holder is a small wallet for storing bank cards, but we will not talk about it here.

Who is this card holder?

The name of the cardholder is printed in raised letters on the front side of the card. The process of embossing letters is called embossing. On cards that are issued for servicing in electronic devices (ATMs, electronic terminals and for payments on the Internet), the letters are not squeezed out, but burned out with a laser.

The name of the cardholder is printed on the card in a clear sequence and in Latin letters - first the name and then the surname. This standard was set by international maps. Sometimes in a foreign name it is difficult to understand what is the name and what is the surname. This is where the problem with the card holder may arise. And if you followstandard, there will be no confusion. The name and surname are written in Latin letters as indicated in the passport.

A cashier at a bank or store may ask a customer paying for a purchase with a bank card for an identity document. If the cashier sees a discrepancy in the spelling of the name or surname, he has the right to cut the card, and report the buyer to the police. It's his job to be vigilant and keep the payment system secure.

Why is the holder and not the owner

If you look closely at the back of a bank card, you will find the inscription "the card is the property of the bank." The meaning is that the card holder is the owner of the bank account, but not the owner of the card. The cardholder is the bank.

During the spread of international bank cards in the world, the legislation of different countries did not take into account the intricacies of operations with bank cards. However, governments respect private property, especially banking. And if the card is the property of the bank, then anyone who illegally retains it or performs illegal actions with it, uses it for other purposes, violates property rights. This is how the bank protects the cards of its customers.

How to find the owner, not the cardholder

It happens that cards are lost, left in ATMs and shops.

Finding a cardholder is difficult. What is a card holder for a person if only the first and last names are known? The address and, moreover, the phone number are not specified. If the mapfound, it will be problematic to return the card to the owner. But you can easily find the bank that issued this card. The issuing bank puts at least two logos on its cards - on the front side and on the back. And on the reverse side of the card, next to the inscription that the card is the property of the bank, the customer service phone number is indicated.