System, method, and computer program product for issuing and using debit cards

A system, comprising:

• an enrolling system that verifies an enrollee, associates an enrollee's main and overdraft account, and issues a debit card;
• an authentication system that receives information regarding a requested transaction of a debit card and that receives information regarding the main and overdraft account associated with the debit card and accepts or rejects the requested transaction based thereon;
• and
• a settlement system that generates a periodic report of at least one of the transactions, the main account, and the overdraft account.

A computer program product for performing a debit card enrollment, authentication, and settlement, the computer program product comprising a computer usable medium having control logic stored therein, said control logic comprising:

• first computer readable program code means for enrolling into a debit card program;
• second computer readable program code means for associating an account to the debit card;
• third computer readable program code means for associating an overdraft account to the debit card;
• fourth computer readable program code means for authenticating a transaction requested by the debit card against at least one of the account or the overdraft account;
• fifth computer readable program code means for updating information regarding at least one of the account or the overdraft account based on the transaction;
• and
• sixth computer readable program code means for providing a periodic output of the account information for the account and the overdraft account.