Question

A cheque card is a identity card which guaranties that correctly written checkes up to value of - will be honoured by the bank.
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Answer 1

Cheque cards, issued mainly to cheque account-holders, required a signature to authenticate transactions. ... Both can be used for point-of-sale purchases, secure online shopping, cash withdrawals and international transactions.

Answer 2

A cheque card is a identity card

Explanation:

• Signatures were necessary to authenticate transactions on check cards, which were primarily issued to cheque account holders.
• Both can be used for in-store purchases, online transactions, cash withdrawals, and overseas transactions.
• A cheque guarantee card was an abridged portable letter of credit issued by a bank in the form of a plastic card that a qualifying depositor may use with a check.
• The method increased the security of shops who accept checks.
• The shopkeeper would write the card number on the back of the cheque, which would then be signed in his presence, and the retailer would compare the signature on the cheque to the signature on the card.
• The guarantee only applied to checks drawn on a bank account provided by the card's issuing bank, and it could result in the cardholder incurring an overdraft with penalty interest.