How do Debit/Credit cards know how much money they should have? Especially before the Internet.

Question

When I slidey debit card, how does the card reader know if there is money on it?

I understand nowadays that the card reader probably just asks over the Internet how much money the account has, but debit cards are older than the Internet, so what did they do back then?

In: Technology

Answer 1

You should view the documentary film “Night at the Roxbury” for more info about merchant/credit card relationships. Emilio Estevez narrates!