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MCLEAN, Va. — Noted credit card issuer Capital One is working on a new debit card product that will allow cardholders to withdraw funds from their credit union share draft accounts and heralds the beginning of what may be another revolution in the retail card market.

The new card will be called a “decoupled” debit card, a term that arose from the fact that the debit card will be issued by an institution that does not hold the card holder’s savings or checking account and thus “decouples” the card from the depository institution.

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