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A debit card, also known as a check card or bank card is a payment card that can be used in place of
cash In economics, cash is money in the physical form of currency, such as banknotes and coins. In bookkeeping and financial accounting, cash is current assets comprising currency or currency equivalents that can be accessed immediately or near-im ...
to make purchases. The term '' plastic card'' includes the above and as an identity document. These are similar to a
credit card A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the ...
, but unlike a credit card, the money for the purchase must be in the cardholder's bank account at the time of a purchase and is immediately transferred directly from that account to the merchant's account to pay for the purchase. Some debit cards carry a stored value with which a payment is made (prepaid card), but most relay a message to the cardholder's bank to withdraw funds from the cardholder's designated bank account. In some cases, the payment card number is assigned exclusively for use on the Internet and there is no physical card. This is referred to as a
virtual card The term digital card can refer to a physical item, such as a memory card on a camera, or, increasingly since 2017, to the digital content hosted as a virtual card or cloud card, as a digital virtual representation of a physical card. They share ...
. In many countries, the use of debit cards has become so widespread they have overtaken checks in volume, or have entirely replaced them; in some instances, debit cards have also largely replaced cash transactions. The development of debit cards, unlike credit cards and
charge card A charge card is a type of credit card that enables the cardholder to make purchases which are paid for by the card issuer, to whom the cardholder becomes indebted. The cardholder is obligated to repay the debt to the card issuer in full by the ...
s, has generally been country-specific, resulting in a number of different systems around the world, which were often incompatible. Since the mid-2000s, a number of initiatives have allowed debit cards issued in one country to be used in other countries and allowed their use for internet and phone purchases. Debit cards usually also allow an instant withdrawal of cash, known as a cash advance, acting as an ATM card for this purpose. Merchants may also offer cashback facilities to customers, so that a customer can withdraw cash along with their purchase. There are usually daily limits on the amount of cash that can be withdrawn. Most debit cards are
plastic Plastics are a wide range of synthetic or semi-synthetic materials that use polymers as a main ingredient. Their plasticity makes it possible for plastics to be moulded, extruded or pressed into solid objects of various shapes. This adapta ...
, but there are cards made of metal, and rarely wood. 


Types of debit card systems

There are currently three ways that debit card transactions are processed: EFTPOS (also known as ''online debit'' or ''PIN debit''), offline debit (also known as ''signature debit''), and the Electronic Purse Card System. One physical card can include the functions of all three types, so that it can be used in a number of different circumstances. The 5 major debit card networks are
UnionPay UnionPay (), also known as China UnionPay () or by its abbreviation, CUP or UPI internationally, is a Chinese state-owned financial services corporation headquartered in Shanghai, China. It provides bank card services and a major card sc ...
, American Express,
Discover Discover may refer to: Art, entertainment, and media * ''Discover'' (album), a Cactus Jack album * ''Discover'' (magazine), an American science magazine Businesses and brands * DISCover, the ''Digital Interactive Systems Corporation'' * D ...
, Mastercard, and Visa. Other card networks are
STAR A star is an astronomical object comprising a luminous spheroid of plasma (physics), plasma held together by its gravity. The List of nearest stars and brown dwarfs, nearest star to Earth is the Sun. Many other stars are visible to the naked ...
, JCB, Pulse etc. There are many types of debit cards, each accepted only within a particular country or region, for example Switch (now: Maestro) and
Solo Solo or SOLO may refer to: Arts and entertainment Comics * ''Solo'' (DC Comics), a DC comics series * Solo, a 1996 mini-series from Dark Horse Comics Characters * Han Solo, a ''Star Wars'' character * Jacen Solo, a Jedi in the non-canonical ''S ...
in the United Kingdom, Interac in Canada,
Carte Bleue ''Carte Bleue'' ( en, Blue Card) was a major debit card payment system operating in France. Unlike Visa Electron or Maestro debit cards, Carte Bleue transactions worked without requiring authorization from the cardholder's bank. In many situa ...
in France, EC electronic cash (formerly Eurocheque) in Germany, Bancomat/PagoBancomat in Italy,
UnionPay UnionPay (), also known as China UnionPay () or by its abbreviation, CUP or UPI internationally, is a Chinese state-owned financial services corporation headquartered in Shanghai, China. It provides bank card services and a major card sc ...
in China, RuPay in India and EFTPOS cards in Australia and New Zealand. The need for cross-border compatibility and the advent of the
euro The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . ...
recently led to many of these card networks (such as Switzerland's "EC direkt", Austria's "Bankomatkasse", and Switch in the United Kingdom) being re-branded with the internationally recognized Maestro logo, which is part of the Mastercard brand. Some debit cards are dual branded with the logo of the (former) national card as well as Maestro (for example, EC cards in Germany, Switch and Solo in the UK, Pinpas cards in the Netherlands, Bancontact cards in Belgium, etc.). The use of a debit card system allows operators to package their product more effectively while monitoring customer spending.


Online debit system

Online debit cards require electronic authorization of every transaction and the debits are reflected in the user's account immediately. The transaction may be additionally secured with the
personal identification number A personal identification number (PIN), or sometimes redundantly a PIN number or PIN code, is a numeric (sometimes alpha-numeric) passcode used in the process of authenticating a user accessing a system. The PIN has been the key to facilitati ...
(PIN) authentication system; some online cards require such authentication for every transaction, essentially becoming enhanced
automatic teller machine An automated teller machine (ATM) or cash machine (in British English) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, f ...
(ATM) cards. One difficulty with using online debit cards is the necessity of an electronic authorization device at the point of sale (POS) and sometimes also a separate
PINpad A PIN pad or PIN entry device (PED) is an electronic device used in a debit, credit or smart card-based transaction to accept and encrypt the cardholder's personal identification number (PIN). PIN pads are normally used with payment terminals, ...
to enter the PIN, although this is becoming commonplace for all card transactions in many countries. Overall, the online debit card is generally viewed as superior to the offline debit card because of its more secure authentication system and live status, which alleviates problems with processing lag on transactions that may only issue online debit cards. Some on-line debit systems are using the normal authentication processes of Internet banking to provide real-time online debit transactions.


Offline debit system

Offline debit cards have the
logo A logo (abbreviation of logotype; ) is a graphic mark, emblem, or symbol used to aid and promote public identification and recognition. It may be of an abstract or figurative design or include the text of the name it represents as in a wo ...
s of major credit cards (for example, Visa or Mastercard)


Electronic purse card system

Smart-card A smart card, chip card, or integrated circuit card (ICC or IC card) is a physical electronic authentication device, used to control access to a resource. It is typically a plastic credit card-sized card with an embedded integrated circuit (IC) c ...
-based electronic purse systems (in which value is stored on the card chip, not in an externally recorded account, so that machines accepting the card need no network connectivity) are in use throughout Europe since the mid-1990s, most notably in Germany (
Geldkarte Geldkarte (german: "money card") is a stored-value card or electronic cash system used in Germany. It operates as an offline smart card for small payment at things like vending machines and to pay for public transport or parking tickets. The card i ...
), Austria (
Quick Wertkarte Quick was an electronic purse system available on Austrian bank cards to allow small purchases to be made without cash. The history of the Quick system goes back to 1996. Quick was discontinued on July 31, 2017. The system was aimed at small retai ...
), the Netherlands ( Chipknip), Belgium ( Proton), Switzerland (CASH) and France (
Moneo Moneo, sometimes branded as mon€o, is an electronic purse system available on French bank cards to allow small purchases to be made without cash and used from 1999 to 2015. The system is aimed at small retailers such as bakeries and cafés and ...
, which is usually carried by a debit card). In Austria and Germany, almost all current bank cards now include electronic purses, whereas the electronic purse has been recently phased out in the Netherlands.


Prepaid debit cards


Nomenclature

Prepaid debit cards are reloadable and can be also called reloadable debit cards.


Users

The primary market for prepaid debit cards has historically been unbanked people; that is, people who do not use banks or credit unions for their financial transactions.


Advantages

Advantages of prepaid debit cards include being safer than carrying cash, worldwide functionality due to Visa and MasterCard merchant acceptance, not having to worry about paying a credit card bill or going into debt, the opportunity for anyone over the age of 18 to apply and be accepted without checks on creditworthiness, and the option to deposit paychecks and government benefits directly onto the card for free. A newer advantage is use of EMV technology and even contactless functionality, which had previously been limited to bank debit cards and credit cards.


Risks

* If the card provider offers an insecure website for the cardholder to check the balance on the card, this could give an attacker access to the card information. * If the user loses the card, and has not somehow registered it, the user likely loses the money. * If a provider has technical issues, the money might not be accessible when a user needs it. Some companies' payment systems do not appear to accept prepaid debit cards.


Types

Prepaid cards vary by the issuer company: key and niche financial players (sometimes collaborations between businesses); purpose of usage (transit card, beauty gift cards, travel card, health savings card, business, insurance, others); and regions.


Governments

As of 2013, several city governments (including
Oakland, California Oakland is the largest city and the county seat of Alameda County, California, United States. A major West Coast port, Oakland is the largest city in the East Bay region of the San Francisco Bay Area, the third largest city overall in the ...
, and
Chicago (''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = List of sovereign states, Count ...
,
Illinois Illinois ( ) is a state in the Midwestern United States. Its largest metropolitan areas include the Chicago metropolitan area, and the Metro East section, of Greater St. Louis. Other smaller metropolitan areas include, Peoria and Rock ...
) are now offering prepaid debit cards, either as part of a municipal ID card (for people such as
illegal immigrants Illegal immigration is the migration of people into a country in violation of the immigration laws of that country or the continued residence without the legal right to live in that country. Illegal immigration tends to be financially upwa ...
who are unable to obtain a state
driver's license A driver's license is a legal authorization, or the official document confirming such an authorization, for a specific individual to operate one or more types of motorized vehicles—such as motorcycles, cars, trucks, or buses—on a publi ...
or DMV ID card) in the case of Oakland, or in conjunction with a prepaid transit pass (Chicago). These cards have been heavily criticized for their higher-than-average fees, including some (such as a flat fee added onto every purchase made with the card) that similar products offered by Green Dot and American Express do not have. The U.S. federal government uses prepaid debit cards to make benefits payments to people who do not have bank accounts. In 2008, the U.S. Treasury Department paired with Comerica Bank to offer the Direct Express Debit MasterCard prepaid debit card. In July 2013, the
Association of Government Accountants The Association of Government Accountants (AGA) is a professional organization for government financial management professionals. Its activities include work in government financial management across sectors and worldwide, working to increase gove ...
released a report on government use of prepaid cards, concluding that such programs offer a number of advantages to governments and those who receive payments on a prepaid card rather than by check. The prepaid card programs benefit payments largely for cost savings they offer and provide easier access to cash for recipients, as well as increased security. The report also advises that governments should consider replacing any remaining cheque-based payments with prepaid card programs in order to realize substantial savings for taxpayers, as well as benefits for payees.


Impact of government-mandated fee-free bank accounts

In January 2016, the UK government introduced a requirement for banks to offer fee-free basic bank accounts for all, having a significant impact on the prepaid industry, including the departure of a number of firms.


Plastic card

Plastic cards usually serve as identity documents, thus providing authentication. In combination with other assets that complement the data stored on the card, like PIN numbers, they also serve authorization purposes, most often as bank cards for allowing their holders to do financial transactions. While early and simpler cards feature only hard-to-imitate integrated photographs,
security hologram Security holograms are labels with a hologram printed onto it for sale security reasons. Holograms on security labels are very difficult to forge because they are replicated from a master hologram which requires expensive, specialized and technol ...
s, guillochés, or a magnetic strip on which few bytes of personal data could be stored,
smart card A smart card, chip card, or integrated circuit card (ICC or IC card) is a physical electronic authentication device, used to control access to a resource. It is typically a plastic credit card-sized card with an embedded integrated circuit (IC) c ...
s, i.e. those equipped with an
electronic chip An integrated circuit or monolithic integrated circuit (also referred to as an IC, a chip, or a microchip) is a set of electronic circuits on one small flat piece (or "chip") of semiconductor material, usually silicon. Large numbers of tin ...
( storage, or RFID), nowadays serve as high-security active electronic documents that allow their holder to qualify for driving cars (
drivers license A driver's license is a legal authorization, or the official document confirming such an authorization, for a specific individual to operate one or more types of motorized vehicles—such as motorcycles, cars, trucks, or buses—on a public ...
card), receive medical treatment (health insurance cards), do
banking A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...
and more. * Contact cards (must be inserted into a suitable reading device, e.g. magnetic stripe cards) * Contactless cards (using Near-field communication or RFID


Type

Plastic cards (standard size
ID-1 ID-1 or ID1 may refer to:RECN7701159Q8 * ID-1 format, the standard "credit card" size for identification cards defined by ISO/IEC 7810 * A gene ( inhibitor of DNA binding-1) which controls cancer metastasis * Idaho's 1st congressional district ...
) come in various colors and finishings. The laminated mixture of various
dye A dye is a colored substance that chemically bonds to the substrate to which it is being applied. This distinguishes dyes from pigments which do not chemically bind to the material they color. Dye is generally applied in an aqueous solution and ...
s,
paper Paper is a thin sheet material produced by mechanically or chemically processing cellulose fibres derived from wood, rags, grasses or other vegetable sources in water, draining the water through fine mesh leaving the fibre evenly distribu ...
and plastics (so far mainly PVC and
PVCA Polyvinyl chloride acetate (PVCA) is a thermoplastic copolymer of vinyl chloride and vinyl acetate.recycle.


Production

In their January 2020 report, the International Card Manufacturers Association's (ICMA) indicates a production increase to a record-high of 37.1 billion cards and $27 billion revenue in 2019. Forecasts predicted market growth at a rate of 8.2% from 2021 to 2028, which was counteracted by losses through the Covid pandemic.


= Technology

= Apart from "regular", i.e. non-electronic cards, there is considerable overlap between "chip-enabled", "digital" and "smart" cards, mostly for historical reasons in the development of the current fully equipped smart cards.


=Applications

=


Non-electronic security features

Plastic cards may be printed with the following security-relevant features, some of them also containing personal information, others only serving as anti- forgery devices:


Consumer protection

Consumer protections vary, depending on the network used. Visa and MasterCard, for instance, prohibit minimum and maximum purchase sizes, surcharges, and arbitrary security procedures on the part of merchants. Merchants are usually charged higher transaction fees for credit transactions, since debit network transactions are less likely to be fraudulent. This may lead them to "steer" customers to debit transactions. Consumers disputing charges may find it easier to do so with a credit card, since the money will not immediately leave their control. Fraudulent charges on a debit card can also cause problems with a checking account because the money is withdrawn immediately and may thus result in an overdraft or bounced checks. In some cases debit card-issuing banks will promptly refund any disputed charges until the matter can be settled, and in some jurisdictions the consumer liability for unauthorized charges is the same for both debit and credit cards. In 2010
Bank of America The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The bank ...
announced that "it was doing away with overdraft fees for debit card purchases." In some countries, like India and Sweden, the consumer protection is the same regardless of the network used. Some banks set minimum and maximum purchase sizes, mostly for online-only cards. However, this has nothing to do with the card networks, but rather with the bank's judgement of the person's age and credit records. Any fees that the customers have to pay to the bank are the same regardless of whether the transaction is conducted as a credit or as a debit transaction, so there is no advantage for the customers to choose one transaction mode over another. Shops may add surcharges to the price of the goods or services in accordance with laws allowing them to do so. Banks consider the purchases as having been made at the moment when the card was swiped, regardless of when the purchase settlement was made. Regardless of which transaction type was used, the purchase may result in an overdraft because the money is considered to have left the account at the moment of the card swiping. According to Singapore local financial and banking laws and regulations, all Singapore issued credit card and debit card Visa or MasterCard swipe magnet strips are disabled by default if used outside of Singapore. The whole idea is to prevent fraudulent activities and the protection of the card holder. If customers want to use card swipe magnet strips aboard and internationally, they will have to activate and enable international card usage.


Financial access

Debit cards and secured credit cards are popular among college students who have not yet established a credit history. Debit cards may also be used by
expatriate An expatriate (often shortened to expat) is a person who resides outside their native country. In common usage, the term often refers to educated professionals, skilled workers, or artists taking positions outside their home country, either ...
workers to send money home to their families holding an affiliated debit card.


Issues with deferred posting of offline debit

The consumer perceives a debit transaction as occurring in real time: the money is withdrawn from their account immediately after the authorization request from the merchant. In many countries, this is correct for online debit purchases. However, when a purchase is made using the "credit" (offline debit) option, the transaction merely places an
authorization hold Authorization hold (also card authorization, preauthorization, or preauth) is a service offered by credit and debit card providers whereby the provider puts a hold of the amount approved by the cardholder, reducing the balance of available funds un ...
on the customer's account; funds are not actually withdrawn until the transaction is reconciled and hard-posted to the customer's account, usually a few days later. This is in contrast to a typical credit card transaction, in which, after a few days delay before the transaction is posted to the account, there is a further period of maybe a month before the consumer makes repayment. Because of this, in the case of an error by the merchant or issuer, a debit transaction may cause more serious problems (for example, overdraft/money not accessible/overdrawn account) than a credit card transaction (for example, credit not accessible due to be over one's credit limit). This is especially true in the United States, where check fraud is a crime in every state, but exceeding one's credit limit is not.


Internet purchases

Debit cards may also be used on the Internet, either with or without using a PIN. Internet transactions may be conducted in either online or offline mode. Shops accepting online-only cards are rare in some countries (such as Sweden), while they are common in other countries (such as the Netherlands). For a comparison, PayPal offers the customer to use an online-only Maestro card if the customer enters a Dutch address of residence, but not if the same customer enters a Swedish address of residence. Internet purchases can be authenticated by the consumer entering their PIN if the merchant has enabled a secure online PIN pad, in which case the transaction is conducted in debit mode. Otherwise, transactions may be conducted in either credit or debit mode (which is sometimes, but not always, indicated on the receipt), and this has nothing to do with whether the transaction was conducted in online or offline mode, since both credit and debit transactions may be conducted in both modes.


Debit cards around the world

In some countries, banks tend to levy a small fee for each debit card transaction. In other countries (for example, the UK) the merchants bear all the costs and customers are not charged. There are many people who routinely use debit cards for all transactions, no matter how small. Some (small) retailers refuse to accept debit cards for small transactions, where paying the transaction fee would absorb the profit margin on the sale, making the transaction uneconomic for the retailer. Some businesses do not accept card payments at all, even in an era with declining use of cash. This still happens for a variety of reasons,
tax avoidance Tax avoidance is the legal usage of the tax regime in a single territory to one's own advantage to reduce the amount of tax that is payable by means that are within the law. A tax shelter is one type of tax avoidance, and tax havens are jurisdi ...
by small business included. In 2019, £35,000 million in tax revenue was lost in the United Kingdom due to cash-only payments. Many businesses such as, barber shops, fish & chip shops, Chinese takeaways, the black market, and even some building sites are known for cash-in-hand payments in the UK, meaning high amounts of money can be unaccounted for.


Angola

The banks in Angola issue by official regulation only one brand of debit cards:
Multicaixa Multicaixa (MCX) is currently the only brand name for debit cards issued in Angola, and also the only interbank network of automated teller machines and point of sales terminals for electronic payments. While the ATMs and the POS (point of sale ...
, which is also the brand name of the one and only network of ATMs and POS terminals.


Armenia

ArCa (Armenian Card), a national system of debit (ArCa Debit and ArCa Classic) and credit (ArCa Gold, ArCa Business, ArCA Platinum, ArCa Affinity and ArCa Co-branded) cards popular in Armenia. Established in 2000 by 17 largest Armenian banks.


Australia

Debit cards in
Australia Australia, officially the Commonwealth of Australia, is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands. With an area of , Australia is the largest country by ...
are called different names depending on the issuing bank: Commonwealth Bank of Australia: Keycard;
Westpac Banking Corporation Westpac Banking Corporation, known simply as Westpac, is an Australian multinational banking and financial services company headquartered at Westpac Place in Sydney, New South Wales. Established in 1817 as the Bank of New South Wales, it ...
: Handycard; National Australia Bank: FlexiCard;
ANZ Bank ANZ may refer to: People * Anz (musician), a British DJ and electronic musician Banks * ANZ (bank), Australia and New Zealand Banking Group Limited, the fourth-largest bank in Australia ** ANZ Bank New Zealand, the largest bank in New Zealand * ...
: Access card;
Bendigo Bank Bendigo and Adelaide Bank is an Australian financial institution, operating primarily in retail banking. The company was formed by the merger of Bendigo Bank and Adelaide Bank in November 2007. Before the merger, Bendigo Bank delivered its pr ...
: Easy Money card. A payment in Australia using a debit card is commonly called EFTPOS, which is very popular and has been operating there since the 1980s. EFTPOS-enabled cards are accepted at almost all swipe terminals able to accept
credit card A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the ...
s, regardless of the bank that issued the card, including Maestro cards issued by foreign banks and formerly issued by the Commonwealth Bank, with most businesses accepting them, with 450,000 point of sale terminals. EFTPOS cards can also be used to deposit and withdraw cash over the counter at
Australia Post Australia Post, formally the Australian Postal Corporation, is the government business enterprise that provides postal services in Australia. The head office of Australia Post is located in Bourke Street, Melbourne, which also serves as a post ...
outlets participating in Giro Post and withdrawals without purchase from certain major retailers, just as if the transaction was conducted at a bank branch, even if the bank branch is closed. Electronic transactions in Australia are generally processed via the Telstra Argent and Optus Transact Plus network—which has recently superseded the old Transcend network in the last few years. Most early keycards were only usable for EFTPOS and at ATM or bank branches, whilst the new debit card system works in the same way as a credit card, except it will only use funds in the specified bank account. This means that, among other advantages, the new system is suitable for electronic purchases without a delay of two to four days for bank-to-bank money transfers. Australia operates both electronic credit card transaction authorization and traditional EFTPOS debit card authorization systems, the difference between the two being that EFTPOS transactions are authorized by a personal identification number (PIN) while credit card transactions can additionally be authorized using a contactless payment mechanism (requiring a PIN for purchases over $200). If the user fails to enter the correct pin three times, the consequences range from the card being locked out for a minimum 24-hour period, a phone call or trip to the branch to reactivate with a new PIN, the card being cut up by the merchant, or in the case of an ATM, being kept inside the machine, both of which require a new card to be ordered. Generally credit card transaction costs are borne by the merchant with no fee applied to the end user (although a direct consumer surcharge of 0.5–3% is not uncommon) while EFTPOS transactions cost the consumer an applicable withdrawal fee charged by their bank. The introduction of Visa and MasterCard debit cards along with regulation in the settlement fees charged by the operators of both EFTPOS and credit cards by the Reserve Bank has seen a continuation in the increasing ubiquity of credit card use among Australians and a general decline in the profile of EFTPOS. However, the regulation of settlement fees also removed the ability of banks, who typically provide merchant services to retailers on behalf of Visa or MasterCard, from stopping those retailers charging extra fees to take payment by credit card instead of cash or EFTPOS.


Bahrain

In Bahrain debit cards are under Benefit, the interbanking network for Bahrain. Benefit is also accepted in other countries though, mainly GCC, similar to the Saudi Payments Network and the Kuwaiti KNET.


Belgium

In Belgium, debit cards are widely accepted in most businesses, as well as in most hotels and restaurants. Smaller restaurants or small retailers often accept either; only debit cards or cash-only, but no
credit card A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the ...
s. All Belgian banks provide debit cards when you open a bank account. Usually, it is free to use debit cards on national and EU ATMs even if they aren't owned by the issuing bank. Since 2019, a few banks charge a 50ct cost when using ATMs who are not owned by the issuing bank. The debit cards in Belgium are branded with the logo of the national Bancontact system and also with an international debit system, Maestro (for the moment there aren't any banks who issue the V-Pay or Visa Electron cards even if they are widely accepted), the Maestro system is used mostly for payments in other countries, but a few national card payment services use the Maestro system. Some banks also offer Visa and MasterCard debit cards but these are mostly online banks.


Brazil

In Brazil debit cards are called ''cartão de débito'' (singular) and became popular in 2008. In 2013, the 100 millionth Brazilian debit card was issued. Debit cards replaced cheques, common until the first decade of the 2000s. Today, the majority of the financial transactions (like shopping, etc.) are made using debit cards (and this system is quickly replacing cash payments). Nowadays, the majority of debit payments are processed using a card + pin combination, and almost every card comes with a chip to make transactions. The major debit card vendors in Brazil are Visa (with Electron cards), Mastercard (with Maestro cards), and
Elo Elo or ELO may refer to: Music * Electric Light Orchestra, a British rock music group ** ''The Electric Light Orchestra'' (album), the group's debut album ** ''ELO 2'', the group's second album * ELO Part II, an offshoot band of Electric Light ...
.


Benin


Bulgaria

In Bulgaria, debit cards are accepted in almost all stores and shops, as well as in most of the hotels and restaurants in the bigger cities. Smaller restaurants or small shops often accept cash only. All Bulgarian banks can provide debit cards when you open a bank account, for maintenance costs. The most common cards in Bulgaria are contactless (and Chip&PIN or Magnetic stripe and PIN) with the brands of Debit Mastercard and Visa Debit (the most common were Maestro and Visa Electron some years ago). All POS terminals and ATMs accept Visa, Visa Electron, Visa Debit, VPay, Mastercard, Debit Mastercard, Maestro and Bcard. Also some POS terminals and ATMs accept Discover, American Express, Diners Club, JCB and UnionPay. Almost all POS terminals in Bulgaria support contactless payments. Credit cards are also common in Bulgaria. Paying with smartphones/smartwatches at POS terminals is also getting common.


Burkina Faso


Canada

Canada Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by to ...
has a nationwide EFTPOS system, called Interac Direct Payment (IDP). Since being introduced in 1994, IDP has become the most popular payment method in the country. Previously, debit cards have been in use for ABM usage since the late 1970s, with
credit union A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provis ...
s in Saskatchewan and Alberta introducing the first card-based, networked ATMs beginning in June 1977. Debit cards, which could be used anywhere a credit card was accepted, were first introduced in Canada by Saskatchewan Credit Unions in 1982. In the early 1990s, pilot projects were conducted among Canada's six largest banks to gauge security, accuracy and feasibility of the Interac system. Slowly in the later half of the 1990s, it was estimated that approximately 50% of retailers offered Interac as a source of payment. Retailers, many small transaction retailers like coffee shops, resisted offering IDP to promote faster service. In 2009, 99% of retailers offer IDP as an alternative payment form. In Canada, the debit card is sometimes referred to as a "bank card". It is a client card issued by a bank that provides access to funds and other bank account transactions, such as transferring funds, checking balances, paying bills, etc., as well as point of purchase transactions connected on the Interac network. Since its national launch in 1994, Interac Direct Payment has become so widespread that, as of 2001, more transactions in Canada were completed using debit cards than cash. This popularity may be partially attributable to two main factors: the convenience of not having to carry cash, and the availability of automated bank machines (ABMs) and direct payment merchants on the network. Debit cards may be considered similar to stored-value cards in that they represent a finite amount of money owed by the card issuer to the holder. They are different in that stored-value cards are generally anonymous and are only usable at the issuer, while debit cards are generally associated with an individual's bank account and can be used anywhere on the Interac network. In Canada, the bank cards can be used at POS and ATMs. Interac Online has also been introduced in recent years allowing clients of most major Canadian banks to use their debit cards for online payment with certain merchants as well. Certain financial institutions also allow their clients to use their debit cards in the United States on the NYCE network. Several Canadian financial institutions that primarily offer VISA credit cards, including CIBC, RBC, Scotiabank, and TD, also issue a Visa Debit card in addition to their Interac debit card, either through dual-network co-branded cards (CIBC, Scotia, and TD), or as a "virtual" card used alongside the customer's existing Interac debit card (RBC). This allows for customer to use Interlink for online, over-the-phone, and international transactions and
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for international ATMs, since Interac isn't well supported in these situations.


Consumer protection in Canada

Consumers in Canada are protected under a voluntary code entered into by all providers of debit card services, The Canadian Code of Practice for Consumer Debit Card Services (sometimes called the "Debit Card Code"). Adherence to the Code is overseen by the
Financial Consumer Agency of Canada The Financial Consumer Agency of Canada (FCAC) is an agency of the Government of Canada that enforces consumer protection legislation, regulations and industry commitments by federally regulated financial entities. It also provides programs and ...
(FCAC), which investigates consumer complaints. According to the FCAC website, revisions to the code that came into effect in 2005 put the onus on the financial institution to prove that a consumer was responsible for a disputed transaction, and also place a limit on the number of days that an account can be frozen during the financial institution's investigation of a transaction.


Chile

Chile Chile, officially the Republic of Chile, is a country in the western part of South America. It is the southernmost country in the world, and the closest to Antarctica, occupying a long and narrow strip of land between the Andes to the eas ...
has an EFTPOS system called ''Redcompra'' (Purchase Network) which is currently used in at least 23,000 establishments throughout the country. Goods may be purchased using this system at most supermarkets, retail stores, pubs and restaurants in major urban centers. Chilean banks issue Maestro, Visa Electron and Visa Debit cards.


Colombia

Colombia Colombia (, ; ), officially the Republic of Colombia, is a country in South America with insular regions in North America—near Nicaragua's Caribbean coast—as well as in the Pacific Ocean. The Colombian mainland is bordered by the ...
has a system called Redeban-Multicolor and Credibanco Visa which are currently used in at least 23,000 establishments throughout the country. Goods may be purchased using this system at most supermarkets, retail stores, pubs and restaurants in major urban centers. Colombian debit cards are Maestro (pin), Visa Electron (pin), Visa Debit (as credit) and MasterCard-Debit (as credit).


Côte d'Ivoire


Denmark

The Danish debit card Dankort is ubiquitous in
Denmark ) , song = ( en, "King Christian stood by the lofty mast") , song_type = National and royal anthem , image_map = EU-Denmark.svg , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of Denmark , establish ...
. It was introduced on 1 September 1983, and despite the initial transactions being paper-based, the Dankort quickly won widespread acceptance. By 1985 the first EFTPOS terminals were introduced, and 1985 was also the year when the number of Dankort transactions first exceeded 1 million. Today Dankort is primarily issued as a Multicard combining the national Dankort with the more internationally recognized Visa (denoted simply as a "Visa/Dankort" card). In September 2008, 4 million cards had been issued, of which three million cards were Visa/Dankort cards. It is also possible to get a Visa Electron debit card and MasterCard. * In 2007, PBS (now called Nets), the Danish operator of the Dankort system, processed a total of 737 million Dankort transactions. Of these, 4.5 million were processed on just a single day, 21 December. This remains the current record. * , there were 3.9 million Dankort cards in existence. * , more than 80,000 Danish shops had a Dankort terminal, and another 11,000 internet shops also accepted the Dankort.


Finland

Most daily customer transactions are carried out with debit cards or online giro/electronic bill payment, although credit cards and cash are accepted. Checks are no longer used. Prior to European standardization, Finland had a national standard (''pankkikortti'' = "bank card"). Physically, a ''pankkikortti'' was the same as an international credit card, and the same card imprinters and slips were used for ''pankkikortti'' and credit cards, but the cards were not accepted abroad. This has now been replaced by the Visa and MasterCard debit card systems, and Finnish cards can be used elsewhere in the European Union and the world. An electronic purse system, with a chipped card, was introduced, but did not gain much traction. Signing a payment offline entails incurring debt, thus offline payment is not available to minors. However, online transactions are permitted, and since almost all stores have electronic terminals, today also minors can use debit cards. Previously, only cash withdrawal from ATMs was available to minors (''automaattikortti'' (ATM card) or Visa Electron).


France

Carte Bancaire (CB), the national payment scheme, in 2008, had 57.5 million cards carrying its logo and 7.76 billion transactions (POS and ATM) were processed through the e-rsb network (135 transactions per card mostly debit or deferred debit). In 2019, Carte Bancaire had 71.1 million cards carrying its logo and 13.76 billion transactions (POS and ATM) were processed through its network. Most CB cards are debit cards, either debit or deferred debit. Less than 10% of CB cards were credit cards. Banks in France usually charge annual fees for debit cards (despite card payments being very cost efficient for the banks), yet they do not charge personal customers for chequebooks or processing checks (despite cheques being very costly for the banks). This imbalance dates from the unilateral introduction in France of
Chip and PIN Chromatin immunoprecipitation (ChIP) is a type of immunoprecipitation experimental technique used to investigate the interaction between proteins and DNA in the cell. It aims to determine whether specific proteins are associated with specific gen ...
debit cards in the early 1990s, when the cost of this technology was much higher than it is now. Credit cards of the type found in the United Kingdom and United States are unusual in France and the closest equivalent is the deferred debit card, which operates like a normal debit card, except that all purchase transactions are postponed until the end of the month, thereby giving the customer between 1 and 31 days of "interest-free" credit. Banks can charge more for a deferred debit card. Most France debit cards are branded with the CB logo, which assures acceptance throughout France. Most banks now issue Visa or MasterCard co-branded cards, so that the card is accepted on both the CB and the Visa or Mastercard networks. In France payment cards are commonly called
Carte Bleue ''Carte Bleue'' ( en, Blue Card) was a major debit card payment system operating in France. Unlike Visa Electron or Maestro debit cards, Carte Bleue transactions worked without requiring authorization from the cardholder's bank. In many situa ...
("blue card") regardless of their actual brand. Carte Bleue was a card brand acquired in 2010 by Visa which is not used anymore. Until its purchase the main characteristic of Carte Bleue was to benefit from its alliance with Visa which allowed the use of the cards on both networks. Many smaller merchants in France refuse to accept debit cards for transactions under a certain amount because of the minimum fee charged by merchants' banks per transaction. But more and more merchants accept debit cards for small amounts, due to the increased use of debit cards. Merchants in France do not differentiate between debit and credit cards, and so both have equal acceptance. It is legal in France to set a minimum amount to transactions, but the merchants must display it clearly. In January 2016, 57.2% of all the debit cards in France also had a contactless payment chip. The maximum amount per transaction was originally set to €20 and the maximum amount of all contactless payments per day is between €50-100 depending on the bank. The per-transaction limit increased to €30 in October 2017. Due to the
COVID-19 pandemic The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identi ...
, the per-transaction limit increased to €50 in May 2020 to comply with demands from the French government and the European Banking Authority.


Liability and e-cards

According to French law, banks are liable for any transaction made with a copy of the original card and for any transaction made without a card (on the phone or on the Internet), so banks have to pay back any fraudulent transaction to the card holder if the previous criteria are met. Fighting card fraud is therefore more interesting for banks. As a consequence, French banks websites usually propose an "e-card" service ("electronic (bank) card"), where a new
virtual card The term digital card can refer to a physical item, such as a memory card on a camera, or, increasingly since 2017, to the digital content hosted as a virtual card or cloud card, as a digital virtual representation of a physical card. They share ...
is created and linked to a physical card. Such virtual card can be used only once and for the maximum amount given by the card holder. If the virtual card number is intercepted or used to try to get a higher amount than expected, the transaction is blocked.


Germany

Germany has a dedicated debit card payment system called girocard which is usually co-branded with V Pay or Maestro depending on the issuing bank. In recent years both Visa Debit and Mastercard Debit cards are increasingly more common as well. Historically, facilities already existed before EFTPOS became popular with the Eurocheque card, an authorization system initially developed for paper checks where, in addition to signing the actual check, customers also needed to show the card alongside the check as a security measure. Those cards could also be used at ATMs and for card-based electronic funds transfer with PIN entry. These are now the only functions of such cards: the Eurocheque system (along with the brand) was abandoned in 2002 during the transition from the Deutsche Mark to the
euro The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . ...
. As of 2005, most stores and petrol outlets have EFTPOS facilities. Processing fees are paid by the businesses, which leads to some business owners refusing debit card payments for sales totalling less than a certain amount, usually 5 or 10 euro. To avoid the processing fees, many businesses resorted to using direct debit, which is then called ''electronic'' direct debit (german: Elektronisches Lastschriftverfahren, abbr. ''ELV''). The point-of-sale terminal reads the bank sort code and account number from the card but instead of handling the transaction through the Girocard network it simply prints a form, which the customer signs to authorise the debit note. However, this method also avoids any verification or payment guarantee provided by the network. Further, customers can return debit notes by notifying their bank without giving a reason. This means that the beneficiary bears the risk of fraud and illiquidity. Some business mitigate the risk by consulting a proprietary blacklist or by switching to Girocard for higher transaction amounts. Around 2000, an Electronic Purse Card was introduced, dubbed
Geldkarte Geldkarte (german: "money card") is a stored-value card or electronic cash system used in Germany. It operates as an offline smart card for small payment at things like vending machines and to pay for public transport or parking tickets. The card i ...
("money card"). It makes use of the
smart card A smart card, chip card, or integrated circuit card (ICC or IC card) is a physical electronic authentication device, used to control access to a resource. It is typically a plastic credit card-sized card with an embedded integrated circuit (IC) c ...
chip on the front of the standard issue debit card. This chip can be charged with up to 200 euro, and is advertised as a means of making medium to very small payments, even down to several euros or cent payments. The key factor here is that no processing fees are deducted by banks. It did not gain the popularity its inventors had hoped for. As of 2020, several partners pulled out of accepting the Geldkarte which is no longer issued and set to be retired altogether in the near future.


Guinée Bissau

See " UEMOA".


Greece

Debit card usage surged in Greece after the introduction of Capital Controls in 2015.


Hong Kong

Most bank cards in Hong Kong for saving / current accounts are equipped with EPS and
UnionPay UnionPay (), also known as China UnionPay () or by its abbreviation, CUP or UPI internationally, is a Chinese state-owned financial services corporation headquartered in Shanghai, China. It provides bank card services and a major card sc ...
, which function as a debit card and can be used at merchants for purchases, where funds are withdrawn from the associated account immediately. EPS is a Hong Kong only system and is widely accepted in merchants and government departments. However, as UnionPay cards are accepted more widely overseas, consumers can use the UnionPay functionality of the bank card to make purchases directly from the bank account. Visa debit cards are uncommon in Hong Kong. The British banking firm
HSBC HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 tr ...
's subsidiary Hang Seng Bank's Enjoy card and American firm Citibank's ATM Visa are two of the Visa debit cards available in Hong Kong. Debit cards usage in Hong Kong is relatively low, as the
credit card A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the ...
penetration rate is high in Hong Kong. In Q1 2017, there are near 20 million credit cards in circulation, about 3 times the adult population. There are 145,800 thousand transaction made by credit cards but only 34,001 thousand transactions made by debit cards.


Hungary

In
Hungary Hungary ( hu, Magyarország ) is a landlocked country in Central Europe. Spanning of the Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the south, Cr ...
debit cards are far more common and popular than credit cards. Many Hungarians even refer to their debit card ("betéti kártya") mistakenly using the word for credit card ("hitelkártya"). The most commonly used phrase, however, is simply bank card ("bankkártya").


India

After the demonetization by current government in the December 2016, there has been a surge in cashless transactions, so nowadays you could find card acceptance in most places. The debit card was mostly used for ATM transactions. RBI has announced that fees are not justified so transactions have no processing fees. Almost half of Indian debit and credit card users use Rupay card. Some Indian banks issue Visa debit cards, though some banks (like SBI and
Citibank India Citibank India is a foreign bank in India with a full service onshore platform. Its Indian headquarters is at Bandra Kurla Complex, Mumbai, Maharashtra. It is a subsidiary of Citigroup, a multinational financial services corporation headquart ...
) also issue Maestro cards. The debit card transactions are routed through Rupay (mostly), Visa or MasterCard networks in India and overseas rather than directly via the issuing bank. The National Payments Corporation of India (NPCI) has launched a new card called RuPay. It is similar to Singapore's NETS and Mainland China's
UnionPay UnionPay (), also known as China UnionPay () or by its abbreviation, CUP or UPI internationally, is a Chinese state-owned financial services corporation headquartered in Shanghai, China. It provides bank card services and a major card sc ...
. As the COVID cases in
India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area, the List of countries and dependencies by population, second-most populous ...
are surging up, the banking institution has shifted its focus to contactless payment options such as contactless debit card, contactless credit card and contactless prepaid card. The payment methods are changing drastically in India because of social distancing norms and lockdown; people are using more of the digital transactions rather than
cash In economics, cash is money in the physical form of currency, such as banknotes and coins. In bookkeeping and financial accounting, cash is current assets comprising currency or currency equivalents that can be accessed immediately or near-im ...
.


Indonesia

Foreign-owned brands issuing Indonesian debit cards include Visa, Maestro, MasterCard, and
MEPS A Member of the European Parliament (MEP) is a person who has been elected to serve as a popular representative in the European Parliament. When the European Parliament (then known as the Common Assembly of the ECSC) first met in 1952, it ...
. Domestically-owned debit card networks operating in Indonesia include Debit BCA (and its Prima network's counterpart, Prima Debit) and Mandiri Debit.


Iraq

Iraq's two biggest state-owned banks,
Rafidain Bank Rafidain Bank ( ar, مصرف الرافدين lit. ''Bank of Mesopotamia'') is the largest bank in Iraq, with 165 branches inside Iraq and with branches in Cairo, Beirut, Abu Dhabi, Bahrain, Sana'a, Amman and Jabal Amman. Its HQ is in central Bagh ...
and Rasheed Bank, together with the ''Iraqi Electronic Payment System (IEPS)'' have established a company called International Smart Card, which has developed a national credit card called '
Qi Card The Qi Card is an Iraqi debit card A debit card, also known as a check card or bank card is a payment card that can be used in place of cash to make purchases. The term '' plastic card'' includes the above and as an identity document. These ...
', which they have issued since 2008. According to the company's website: 'after less than two years of the initial launch of the Qi card solution, we have hit 1.6 million cardholder with the potential to issue 2 million cards by the end of 2010, issuing about 100,000 card monthly is a testament to the huge success of the Qi card solution. Parallel to this will be the expansion into retail stores through a network of points of sales of about 30,000 units by 2015'.


Ireland


Current system (as of December 2022)

In Ireland, all debits cards are exclusively Chip and PIN. The market is dominated by Visa Debit cards - the "Top 3" banks in Ireland:
Allied Irish Banks Allied Irish Banks, p.l.c. is one of the so-called Big Four (banking)#Ireland, Big Four commercial banks in Ireland. AIB offers a full range of personal, business and corporate banking services. The bank also offers a range of general insurance ...
, Bank of Ireland and Permanent TSB all use Visa Debit, as well as the two exiting banks Ulster Bank and KBC. Other financial institutions that maintain a minority stake such as EBS,
An Post Money An, AN, aN, or an may refer to: Businesses and organizations * Airlinair (IATA airline code AN) * Alleanza Nazionale, a former political party in Italy * AnimeNEXT, an annual anime convention located in New Jersey * Anime North, a Canadian an ...
and some credit unions use Mastercard Debit cards. Revolut, with over 2 million customers in Ireland, varies between Mastercard and Visa Debit cards. Irish debit cards are normally multi-functional and combine ATM card facilities. Some banks will provide ATM cards to vulnerable or elderly customers, but only on request. The practice is rare and it is on a case-by-case basis. For online purchases, the cards are used together with the bank's mobile app for Strong Customer Authentication as required by the EU's Payment Services Directive (PSD2). Most Irish debit cards are also enabled for contactless payment for purchases €50 or below, and display the contactless symbol. The limit was previously €30, but was increased to €50 as a result of the
Covid-19 pandemic The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identi ...
to increase card usage in order to minimize the handling of cash.Some banks, such as AIB, do not provide contactless cards to certain account holders, such as those under 18. After 3-5 contactless transactions, the bank will ask the card user to enter their PIN through a Chip and PIN transaction for authentication. Apple Pay and Google Pay are also embraced as contactless payment methods with many retailers as they use the same contactless technology. However, due to the device's authentication of the user, there is no limit on the purchase amount. In some cases, there are limits of a large amount such as €500, however this may be imposed by the retailer due to technical constraints rather than for security purposes. The cards are usually processed online, but some cards can also be processed offline depending on the rules applied by the card issuer. A number of card issuers also provide prepaid debit card accounts primarily for use as gift cards / vouchers or for added security and anonymity online, e.g. CleverCards. These may be disposable or reloadable and are predominately MasterCard branded. One4All vouchers, a popular voucher given particularly to employees by companies at Christmas time, are another type of a prepaid debit card used. However, it is limited to retailers that specifically opt-in to using One4All cards as a payment method and are neither Visa nor Mastercard branded.


Previous system (defunct since 28 February 2014)

Laser A laser is a device that emits light through a process of optical amplification based on the stimulated emission of electromagnetic radiation. The word "laser" is an acronym for "light amplification by stimulated emission of radiation". The ...
was launched by the Irish banks in 1996 as an extension of the existing ATM and Cheque guarantee card systems that had existed for many years. When the service was added, it became possible to make payments with a multifunctional card that combined ATM, cheque and debit card and international ATM facilities through MasterCard Cirrus or Visa Plus and sometimes the British Link ATM system. Their functionality was similar to the British Switch card. The system first launched as a swipe & sign card and could be used in Ireland in much the same way as a credit card and were compatible standard card terminals (online or offline, although they were usually processed online). They could also be used in cardholder-not-present transactions over the phone, by mail or on the internet or for processing recurring payments. Laser also offered 'cash back' facilities where customers could ask retailers (where offered) for an amount of cash along with their transaction. This service allowed retailers to reduce volumes of cash in tills and allowed consumers to avoid having to use ATMs. Laser adopted EMV 'Chip and PIN' security in 2002 in common with other credit and debit cards right across Europe. In 2005, some banks issued customers with Lasers cards that were co-branded with Maestro. This allowed them to be used in POS terminals overseas, internet transactions were usually restricted to sites that specifically accepted Laser. Since 2006, Irish banks have progressively replaced Laser with international schemes, primarily Visa Debit and by 28 February 2014 the Laser Card system had been withdrawn entirely and is no longer accepted by retailers.


Israel

The Israel bank card system is somewhat confusing to newcomers, comprising a blend of features taken from different types of cards. What may be referred to as a credit card, is most likely to be a deferred debit card on an associated bank current account, the most common type of card in Israel, somewhat like the situation in France, though the term "debit card" is not in common usage. Cards are nearly universally called ''cartis ashrai'' (כרטיס אשראי), literally, "credit card", a term which may bely the card's characteristics. Its main feature may be a direct link to a connected bank account (through which they are mostly issued), with the total value of the transactions made on the card being debited from the bank account in full on a regular date once a month, without the option to carry the balance over; indeed certain types of transactions (such as online and/or foreign currency) may be debited directly from the connected bank account at the time of the transaction. Any such limited credit enjoyed is a result of the customer's assets and credibility with the bank, and not granted by the credit card company. The card usually enables immediate ATM cash withdrawals & balance inquiries (as debit cards do), instalment & deferred charge interest free transactions offered by merchants (also applicable in Brazil), interest bearing instalment plans/deferred charge/revolving credit which is transaction specific at the point of sale (though granted by the issuer, hence the interest), and a variety of automated/upon request types of credit schemes including loans, some of which revolve or resemble the extended payment options sometimes offered by charge cards. Thus the "true" debit card is not so common in Israel, though it has existed since 1994. It is offered by two credit companies in Israel: One is ICC, short for "Israeli Credit Cards" (referred to as "CAL", an acronym formed from its abbreviation in Hebrew), which issues it in the form of a Visa Electron card valid only in Israel. It is offered mainly through the Israel Post (post office) bank (which is not allowed, by regulation, to offer any type of credit) or through Israel Discount Bank, its main owner (where it is branded as "Discount Money Key" card). This branded Israel Discount Bank branded debit card also offered as valid worldwide card, either as Visa Electron or MasterCard Debit cards. The second & more common debit card is offered by the Isracard consortium to its affiliate banks and is branded "Direct". It is valid only in Israel, under its local private label brand, as "Isracard Direct" (which was known as "Electro Cheque" until 2002 and while the local brand Isracard is often viewed as a MasterCard for local use only). Since 2006, Isracard has also offered an international version, branded "MasterCard Direct", which is less common. These two debit card brands operate offline in Israel (meaning the transaction operates under the credit cards systems & debited officially from the cardholder account only few days later, after being processed—though reflected on the current account immediately). In 2014 the Isracard Direct card (a.k.a. the valid only in Israel version) was relaunched as Isracash, though the former subbrand still being marketed and replaced ICC Visa Electron as Israel Post bank debit card. Overall, banks routinely offer deferred debit cards to their new customers, with "true" debit cards usually offered only to those who cannot obtain credit. These latter cards are not attractive to the average customer since they attract both a monthly fee from the credit company and a bank account fee for each day's debits. Isracard Direct is by far more common than the ICC Visa Electron debit card. Banks who issue mainly Visa cards will rather offer electronic use, mandate authorized transaction only, unembossed version of Visa Electron deferred debit cards (branded as "Visa Basic" or "Visa Classic") to its customers—sometimes even in the form of revolving credit card. Credit/debit card transactions in Israel are not PIN based (other than at ATMs) and it is only in recent years that EMV chip smart cards have begun to be issued, with the Bank of Israel in 2013 ordering the banks and credit card companies to switch customers to credit cards with the EMV security standard within 3.5 years.


Italy

Debit cards are quite popular in Italy. There are both classic and prepaid cards. There are two Italian interbank networks, Bancomat and PagoBancomat: Bancomat is the commercial brand for the cash withdrawal circuit, while PagoBancomat is used for POS transactions. Nowadays many debit cards use Visa or Mastercard circuit, while the debit cards which use Bancomat/PagoBancomat circuits are co-badged with Maestro or V-Pay. There is another national circuit, Postamat, that is used by the debit and prepaid cards offered by the national post service, Poste Italiane, mainly for the cash withdrawal in the post-office ATM.


Japan

In
Japan Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the n ...
people usually use their , originally intended only for use with cash machines, as debit cards. The debit functionality of these cards is usually referred to as , and only cash cards from certain banks can be used. A cash card has the same size as a Visa/MasterCard. As identification, the user will have to enter their four-digit PIN when paying. J-Debit was started in Japan on 6 March 2000. However, J-Debit has not been that popular since then.
Suruga Bank Suruga may refer to: *Suruga Province, an old province in the central part of modern Shizuoka prefecture *Suruga-ku, Shizuoka, a ward of Shizuoka City, Japan *Suruga Bay, a bay on the Pacific coast of Honshū, Japan *Suruga Trough, a trough off the ...
began service of Japan's first Visa Debit in 2006. Rakuten Bank, formally known as Ebank, offers a Visa debit card. Resona Bank and
The Bank of Tokyo-Mitsubishi UFJ is the largest bank in Japan. It was established on January 1, 2006, following the merger of the Bank of Tokyo-Mitsubishi, Ltd. and UFJ Bank Ltd. MUFG is one of the three so-called Japanese "megabanks" (along with SMBC and Mizuho). As such, ...
bank also offer a Visa branded debit card.


Kuwait

In Kuwait, all banks provide a debit card to their account holders. This card is branded as KNET, which is the central switch in Kuwait. KNET card transactions are free for both customer and the merchant and therefore KNET debit cards are used for low valued transactions as well. KNET cards are mostly co-branded as Maestro or Visa Electron which makes it possible to use the same card outside Kuwait on any terminal supporting these payment schemes.


Malaysia

In Malaysia, the local debit card network is operated by the Malaysian Electronic Clearing Corporation (MyClear), which had taken over the scheme from MEPS in 2008. The new name for the local debit card in Malaysia is MyDebit, which was previously known as either bankcard or e-debit. Debit cards in Malaysia are now issued on a combo basis where the card has both the local debit card payment application as well as having that of an International scheme (Visa or MasterCard). All newly issued MyDebit combo cards with Visa or MasterCard have the contactless payment feature. The same card also acts as the ATM card for cash withdrawals.


Mali

See " UEMOA".


Mexico

In Mexico, many companies use a type of debit card called a payroll card (tarjeta de nómina), in which they deposit their employee's payrolls, instead of paying them in cash or through checks. This method is preferred in many places because it is a much safer and secure alternative compared to the more traditional forms of payment.


Netherlands

In the
Netherlands ) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Netherl ...
using EFTPOS is known as ''pinnen'' (pinning), a term derived from the use of a
personal identification number A personal identification number (PIN), or sometimes redundantly a PIN number or PIN code, is a numeric (sometimes alpha-numeric) passcode used in the process of authenticating a user accessing a system. The PIN has been the key to facilitati ...
(PIN). PINs are also used for ATM transactions, and the term is used interchangeably by many people, although it was introduced as a marketing brand for EFTPOS. The system was launched in 1987, and in 2010 there were 258,585 terminals throughout the country, including mobile terminals used by delivery services and on markets. All banks offer a debit card suitable for EFTPOS with current accounts. PIN transactions are usually free to the customer, but the retailer is charged per-transaction and monthly fees.
Equens equensWorldline SE (formerly Equens) is a payment card and payment processor headquartered in Utrecht, Netherlands which serves the European market. Since 2019, it has been a wholly owned subsidiary of Worldline. As of 2020, equensWorldline had ...
, an association with all major banks as its members, runs the system, and until August 2005 also charged for it. Responding to allegations of monopoly abuse, it has handed over contractual responsibilities to its member banks through who now offer competing contracts. The system is organised through a special banking association Currence set up specifically to coordinate access to payment systems in The Netherlands. Interpay, a legal predecessor of Equens, was fined €47,000,000 in 2004, but the fine was later dropped, and a related fine for banks was lowered from €17 million to €14 million. Per-transaction fees are between 5–10 cts, depending on volume. Credit card use in the Netherlands is very low, and most credit cards cannot be used with EFTPOS, or charge very high fees to the customer. Debit cards can often, though not always, be used in the entire EU for EFTPOS. Most debit cards are Mastercard Maestro cards. Visa's V Pay cards are also accepted at most locations. In 2011, spending money using debit cards rose to €83,000,000,000 whilst cash spending dropped to €51,000,000,000 and credit card spending grew to €5,000,000,000. Electronic Purse Cards (called Chipknip) were introduced in 1996, but have never become very popular. The system was abolished at the end of 2014.


New Zealand

EFTPOS (
electronic fund transfer Electronic funds transfer (EFT) is the electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems, without the direct intervention of ...
at point of sale) in New Zealand is highly popular. In 2006, 70 percent of all retail transactions were made by EFTPOS, with an average of 306 EFTPOS transactions being made per person. At the same time, there were 125,000 EFTPOS terminals in operation (one for every 30 people), and 5.1 million EFTPOS cards in circulation (1.27 per capita). The system involves the merchant swiping (or inserting) the customer's card and entering the purchase amount. Point of sale systems with integrated EFTPOS often send the purchase total to the terminal and the customer swipes their own card. The customer then selects the account they wish to use: Current/Cheque (CHQ), Savings (SAV), or Credit Card (CRD), before entering in their PIN. After a short processing time in which the terminal contacts the EFTPOS network and the bank, the transaction is approved (or declined) and a receipt is printed. The EFTPOS system is used for credit cards as well, with a customer selecting Credit Card and entering their PIN, or for older credit cards without loaded PIN, pressing OK and signing their receipt with identification through matching signatures. Fixed EFTPOS terminals today use
internet protocol The Internet Protocol (IP) is the network layer communications protocol in the Internet protocol suite for relaying datagrams across network boundaries. Its routing function enables internetworking, and essentially establishes the Internet. ...
connections to contact the EFTPOS network, but some businesses use the public switched telephone network, either via dedicated phone lines or sharing the merchant's voice line (especially in smaller businesses). Virtually all retail outlets have EFTPOS facilities, so much that retailers without EFTPOS have to advertise so. In addition, an increasing number of mobile operator, such as taxis, stall holders and pizza deliverers have mobile EFTPOS systems. The system is made up of two primary networks: EFTPOS NZ, which is owned by VeriFone and Paymark Limited (formerly Electronic Transaction Services Limited), which is owned by ANZ Bank New Zealand, ASB Bank, Westpac and the
Bank of New Zealand Bank of New Zealand (BNZ) is one of New Zealand's big four banks and has been operating in the country since the first office was opened in Auckland in October 1861 followed shortly after by the first branch in Dunedin in December 1861. The ...
. The two networks are intertwined and highly sophisticated and secure, able to handle huge volumes of transactions during busy periods such as the lead-up to Christmas: on 24 December 2012, the Paymark network alone recorded an average of 132 transactions per second between 12:00 and 13:00. Network failures are rare, but when they occur they cause massive disruption, resulting in major delays and loss of income for businesses. Depending on the user's bank, a fee may be charged for use of EFTPOS. Most youth accounts (the minimum age to obtain an EFTPOS card from most banks in New Zealand is 13 years) and an increasing number of 'electronic transaction accounts' do not attract fees for electronic transactions, meaning the use of Eftpos by younger generations has become ubiquitous and subsequently cash use has become rare. Typically merchants don't pay fees for transactions, most only having to pay for the equipment rental. One of the disadvantages of New Zealand's well-established EFTPOS system is that it is incompatible with overseas systems and non-face-to-face purchases. In response to this, many banks since 2005 have introduced international debit cards such as Maestro and Visa Debit which work online and overseas as well as on the New Zealand EFTPOS system.


Nigeria

Many Nigerians regard Debit cards as ATM cards because of its features to withdraw money directly from the ATM. According to the
Central Bank of Nigeria The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on 1 July 1959. The major regulatory objectives of the bank as stated in the CBN Act are ...
, Debit Cards can be issued to customers having Savings /Current Accounts. There are three major types of Debit card in Nigeria: MasterCard, Verve, and Visa card. These Debit cards companies have other packages they offer in Nigeria like Naira MasterCard platinum, Visa Debit (Dual currency), GTCrea8 Card, SKS Teen Card, etc. All the packages depend on your Bank.


Philippines

In the
Philippines The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republ ...
, all three national ATM network consortia offer proprietary PIN debit. This was first offered by Express Payment System in 1987, followed by Megalink with Paylink in 1993 then BancNet with the
Point-of-Sale The point of sale (POS) or point of purchase (POP) is the time and place at which a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice ...
in 1994. Express Payment System or EPS was the pioneer provider, having launched the service in 1987 on behalf of the Bank of the Philippine Islands. The EPS service has subsequently been extended in late 2005 to include the other Expressnet members: Banco de Oro and Land Bank of the Philippines. They currently operate 10,000 terminals for their cardholders. Megalink launched Paylink EFTPOS system in 1993. Terminal services are provided by Equitable Card Network on behalf of the consortium. Service is available in 2,000 terminals, mostly in
Metro Manila Metropolitan Manila (often shortened as Metro Manila; fil, Kalakhang Maynila), officially the National Capital Region (NCR; fil, link=no, Pambansang Punong Rehiyon), is the capital region, seat of government and one of three List of metrop ...
. BancNet introduced their point of sale system in 1994 as the first consortium-operated EFTPOS service in the country. The service is available in over 1,400 locations throughout the Philippines, including second and third-class municipalities. In 2005, BancNet signed a Memorandum of Agreement to serve as the local gateway for
China UnionPay UnionPay (), also known as China UnionPay () or by its abbreviation, CUP or UPI internationally, is a Chinese state-owned financial services corporation headquartered in Shanghai, China. It provides bank card services and a major card sc ...
, the sole ATM switch in
China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's List of countries and dependencies by population, most populous country, with a Population of China, population exceeding 1.4 billion, slig ...
. This will allow the estimated 1.0 billion Chinese ATM cardholders to use the BancNet ATMs and the EFTPOS in all participating merchants. Visa debit cards are issued by
Union Bank of the Philippines The Union Bank of the Philippines, Inc., more commonly known as UnionBank, is one of the universal banks in the Philippines and the ninth largest bank in the country by assets. UnionBank is a joint consortium among the Aboitiz Group, Insular ...
(e-Wallet & eon), Chinatrust, Equicom Savings Bank (Key Card & Cash Card), Banco de Oro,
HSBC HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 tr ...
, HSBC Savings Bank, Sterling Bank of Asia (Visa ShopNPay prepaid and debit cards) and
EastWest Bank EastWest Bank (), more formally known as East West Banking Corporation, is the eleventh largest bank in the Philippines in terms of assets. It was founded in 1994 in Manila by Andrew Gotianun. It is a member of the Filinvest Group, also foun ...
. Union Bank of the Philippines cards, EastWest Visa Debit Card, Equicom Savings Bank & Sterling Bank of Asia EMV cards which can also be used for internet purchases.
Sterling Bank of Asia Sterling Bank of Asia is a savings bank in the Philippines principally owned by the JTKC Group of Companies, Surewell Equities, and Star Equities engaged in diverse industries ranging from logistics to finance, real estate, manufacturing, hotel a ...
has released its first line of prepaid and debit Visa cards with EMV chip. MasterCard debit cards are issued by Banco de Oro, Security Bank (Cashlink & Cash Card) and Smart Communications (Smart Money) tied up with Banco de Oro. MasterCard Electronic cards are issued by BPI (Express Cash) and Security Bank (CashLink Plus). Originally, all Visa and MasterCard based debit cards in the Philippines are non-embossed and are marked either for "Electronic Use Only" (Visa/MasterCard) or "Valid only where MasterCard Electronic is Accepted" (MasterCard Electronic). However,
EastWest Bank EastWest Bank (), more formally known as East West Banking Corporation, is the eleventh largest bank in the Philippines in terms of assets. It was founded in 1994 in Manila by Andrew Gotianun. It is a member of the Filinvest Group, also foun ...
started to offer embossed Visa Debit Cards without the for "Electronic Use Only" mark. Paypass Debit MasterCard from other banks also have embossed labels without the for "Electronic Use Only" mark. Unlike credit cards issued by some banks, these Visa and MasterCard-branded debit cards do not feature EMV chips, hence they can only be read by the machines through swiping. By 21 March 2016, BDO has started issuing sets of Debit MasterCards having the EMV chip and is the first Philippine bank to have it. This is a response to the BSP's monitor of the EMV shift progress in the country. By 2017, all Debit Cards in the country should have an EMV chip on it.


Poland

In
Poland Poland, officially the Republic of Poland, is a country in Central Europe. It is divided into 16 administrative provinces called voivodeships, covering an area of . Poland has a population of over 38 million and is the fifth-most populou ...
, the first system of electronic payments was operated by Orbis, which later was changed to PolCard in 1991 (which also issued its own cards) and then that system was bought by First Data Poland Holding SA. In the mid-1990s international brands such as Visa, MasterCard, and the unembossed Visa Electron or Maestro were introduced. Visa Electron and Maestro work as a standard debit cards: the transactions are debited instantly, although it may happen on some occasions that a transaction is processed with some delay (hours, up to one day). These cards do not possess the options that credit cards have. In the late 2000s, contactless cards started to be introduced. The first technology to be used was MasterCard PayPass, later joined by Visa's payWave. This payment method is now universal and accepted almost everywhere. In an everyday use this payment method is always called Paypass. Almost all businesses in Poland accept debit and credit cards. In the mid-2010s, Polish banks started to replace unembossed cards with embossed electronic cards such as Debit MasterCard and Visa Debit, allowing the customers to own a card that has all qualities of a credit card (given that credit cards are not popular in Poland). There are also some banks that do not possess an identification system to allow customers to order debit cards online.


Portugal

In
Portugal Portugal, officially the Portuguese Republic ( pt, República Portuguesa, links=yes ), is a country whose mainland is located on the Iberian Peninsula of Southwestern Europe, and whose territory also includes the Atlantic archipelagos of th ...
, debit cards are accepted almost everywhere: ATMs, stores, and so on. The most commonly accepted are Visa and MasterCard, or the unembossed Visa Electron or Maestro. Regarding Internet payments debit cards cannot be used for transfers, due to its unsafeness, so banks recommend the use of 'MBnet', a pre-registered safe system that creates a virtual card with a pre-selected credit limit. All the card system is regulated by SIBS, the institution created by Portuguese banks to manage all the regulations and communication processes properly. SIBS' shareholders are all the 27 banks operating in Portugal.


Russia

In addition to Visa, MasterCard and American Express, there are some local payment systems based in general on
smart card A smart card, chip card, or integrated circuit card (ICC or IC card) is a physical electronic authentication device, used to control access to a resource. It is typically a plastic credit card-sized card with an embedded integrated circuit (IC) c ...
technology. *
Sbercard PJSC Sberbank (russian: Сбербанк, initially a contraction of russian: сберегательный банк, translit=sberegatelnyy bank, lit=savings bank, link=no) is a Russian majority state-owned banking and financial services compan ...
. This payment system was created by Sberbank around 1995–1996. It uses
BGS Smartcard Systems AG BGS may stand for: Art and entertainment *Bee Gees, a rock and disco group *Beautiful Game Studios, a computer game developer *Bethesda Game Studios, a video game developer * Brasil Game Show, yearly Brazilian video game convention * Bunny Girl Sen ...
smart card technology that is, DUET. Sberbank was a single retail bank in the
Soviet Union The Soviet Union,. officially the Union of Soviet Socialist Republics. (USSR),. was a transcontinental country that spanned much of Eurasia from 1922 to 1991. A flagship communist state, it was nominally a federal union of fifteen nationa ...
before 1990. De facto this is a payment system of the SberBank. *
Zolotaya Korona KoronaPay is an international payment and money transfer system that provides a range of financial consumer products. KoronaPay has an app that offers cross border card-2-card, card-2-cash, and cash-2-cash money transfers as well as a market-beati ...
. This card brand was created in 1994. Zolotaya Korona is based on CFT technology. *
STB Card State Security ( cs, Státní bezpečnost, sk, Štátna bezpečnosť) or StB / ŠtB, was the secret police force in communist Czechoslovakia from 1945 to its dissolution in 1990. Serving as an intelligence and counter-intelligence agency, it de ...
. This card uses the classic
magnetic stripe The term digital card can refer to a physical item, such as a memory card on a camera, or, increasingly since 2017, to the digital content hosted as a virtual card or cloud card, as a digital virtual representation of a physical card. They share ...
technology. It almost fully collapsed after 1998 (GKO crisis) with STB bank failure. *
Union Card Union commonly refers to: * Trade union, an organization of workers * Union (set theory), in mathematics, a fundamental operation on sets Union may also refer to: Arts and entertainment Music * Union (band), an American rock group ** ''U ...
. The card also uses the classic
magnetic stripe The term digital card can refer to a physical item, such as a memory card on a camera, or, increasingly since 2017, to the digital content hosted as a virtual card or cloud card, as a digital virtual representation of a physical card. They share ...
technology. This card brand is on the decline. These accounts are being reissued as Visa or MasterCard accounts. Nearly every transaction, regardless of brand or system, is processed as an immediate debit transaction. Non-debit transactions within these systems have spending limits that are strictly limited when compared with typical Visa or MasterCard accounts.


Saudi Arabia

In
Saudi Arabia Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in Western Asia. It covers the bulk of the Arabian Peninsula, and has a land area of about , making it the fifth-largest country in Asia, the second-largest in the Ara ...
, all debit card transactions are routed through Saudi Payments Network (mada), the only electronic payment system in the Kingdom and all banks are required by the Saudi Arabian Monetary Agency (SAMA) to issue cards fully compatible with the network. It connects all point of sale (POS) terminals throughout the country to a central payment switch which in turn re-routes the financial transactions to the card issuer, local bank, Visa, Amex or MasterCard. As well as its use for debit cards, the network is also used for ATM and credit card transactions.


Senegal


Serbia

All Serbian banks issue debit cards. Since August 2018, all owners of transactional accounts in
Serbian dinar The dinar ( sr-Cyrl, динар, ; paucal: dinara / динара; abbreviation: DIN (Latin) and дин (Cyrillic); code: RSD) is the currency of Serbia. One dinar is subdivided into 100 para. The dinar was first used in Serbia in medieval time ...
s are automatically issued a debit card of the national brand '' DinaCard''. Other brands (VISA, MasterCard and Maestro) are more popular, better accepted and more secure, but must be requested specifically as additional cards. Debit cards are used for cash withdrawal at ATMs as well as store transactions.


Singapore

Singapore's debit service is managed by the Network for Electronic Transfers (NETS), founded by Singapore's leading banks and shareholders namely DBS, Keppel Bank, OCBC and its associates, OUB, IBS, POSB, Tat Lee Bank and UOB in 1985 as a result of a need for a centralised e-Payment operator. However, due to the banking restructuring and mergers, the local banks remaining were UOB, OCBC, DBS-POSB as the shareholders of NETS with Standard Chartered Bank to offer NETS to their customers. However, DBS and POSB customers can use their network ATMs on their own and not be shared with UOB, OCBC or SCB (StanChart). The mega failure of 5 July 2010 of POSB-DBS ATM Networks (about 97,000 machines) made the government to rethink the shared ATM system again as it affected the NETS system too. In 2010, in line with the mandatory EMV system, Local Singapore Banks started to reissue their Debit Visa/MasterCard branded debit cards with EMV Chip compliant ones to replace the magnetic stripe system. Banks involved included NETS Members of POSB-DBS, UOB-OCBC-SCB along with the SharedATM alliance (NON-NETS) of HSBC, Citibank, State Bank of India, and Maybank. Standard Chartered Bank (SCB) is also a SharedATM alliance member. Non branded cards of POSB and Maybank local ATM Cards are kept without a chip but have a Plus or Maestro sign which can be used to withdraw cash locally or overseas. Maybank Debit MasterCards can be used in Malaysia just like a normal ATM or Debit MEPS card. Singapore also uses the e-purse systems of NETS CASHCARD and the CEPAS wave system by EZ-Link and NETS.


South Korea

There are two kinds of debit cards are in South Korea; 'Debit card' Issued by bank, and 'Check card' Issued by card company. Debit cards are only accepted in debit networks such as Shinsegae and e-mart. Check cards are accepted in every stores accept credit cards. Korean debit cards do not accept offline Debit(credit) transactions domestically, so every transactions must made by real time.


Spain

Debit cards are accepted in a relatively large number of stores, both large and small, in Spain. Banks often offer debit cards for small fees in connection with a checking account. These cards are used more often than credit cards at ATMs because it is a cheaper alternative. For tourists, a 2018 guide recommended using debit cards at ATMs.


Taiwan

Most banks issue major-brand debit cards that can be used internationally such as Visa, MasterCard and JCB, often with contactless functionality. Payments at brick-and-mortar stores generally require a signature except for contactless payments. A separate, local debit system, known as Smart Pay, can be used by the majority of debit and ATM cards, even major-brand cards. This system is available only in Taiwan and a few locations in Japan as of 2016. Non-contactless payments require a PIN instead of a signature. Cards from a few banks support contactless payment with Smart Pay.


Togo


Turkey


UAE

Debit cards are widely accepted from different debit card issuers including the
Network International Network International Holdings provides technology-enabled payments solutions to merchants and financial institutions in the Middle East and Africa. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. History The ...
local subsidiary of
Emirates Bank Emirates NBD Bank PJSC is Dubai's government-owned bank and is one of the largest banking groups in the Middle East in terms of assets. History and profile Emirates NBD was initially formed as National Bank of Dubai (NBD) on 19 June 1963 by the ...
.


United Kingdom

In the UK debit cards (an integrated EFTPOS system) are an established part of the retail market and are widely accepted by both physical and internet stores. The term EFTPOS is not widely used by the public; "debit card" is the generic term used. Debit cards issued are predominantly Visa Debit, with Debit Mastercard becoming increasingly common. Maestro, Visa Electron and
UnionPay UnionPay (), also known as China UnionPay () or by its abbreviation, CUP or UPI internationally, is a Chinese state-owned financial services corporation headquartered in Shanghai, China. It provides bank card services and a major card sc ...
are also in circulation. Banks do not charge customers for EFTPOS transactions in the UK, but some retailers used to make small charges, particularly for small transaction amounts. However, the UK Government introduced legislation on 13 January 2018 banning all surcharges for card payments, including those made online and through services such as PayPal. The UK has converted all debit cards in circulation to
Chip and PIN Chromatin immunoprecipitation (ChIP) is a type of immunoprecipitation experimental technique used to investigate the interaction between proteins and DNA in the cell. It aims to determine whether specific proteins are associated with specific gen ...
(except for Chip and Signature cards issued to people with certain disabilities and non-reloadable prepaid cards), based on the EMV standard, to increase transaction security; however, PINs are not required for Internet transactions (though some banks employ additional security measures for online transactions such as Verified by Visa and MasterCard Secure Code), nor for most contactless transactions. In the United Kingdom, banks started to issue debit cards in the mid-1980s to reduce the number of cheques being used at the point of sale, which are costly for the banks to process; the first bank to do so was Barclays with the ''Barclays Connect'' card. As in most countries, fees paid by merchants in the UK to accept credit cards are a percentage of the transaction amount, which funds cardholders' interest-free credit periods as well as incentive schemes such as points or cashback. For consumer credit cards issued within the EEA, the interchange fee is capped at 0.3%, with a cap of 0.2% for debit cards, although the merchant acquirers may charge the merchant a higher fee. Most debit cards in the UK lack the advantages offered to holders of UK-issued credit cards, such as free incentives (points, cashback etc.; the Tesco Bank debit card was one exception), interest-free credit and protection against defaulting merchants unde
Section 75 of the Consumer Credit Act 1974
Almost all establishments in the UK that accept credit cards also accept debit cards. Some merchants, for cost reasons, accept debit cards but not credit cards, and some smaller retailers only accept card payments for purchases above a certain value, typically £5 or £10. The 21st century has seen an increase in Challenger banks in the United Kingdom, with benefits including fee-free overseas spending. Notable challenger banks include Monzo, Revolut and Starling Bank.


UEMOA

It is the West Africa Economic and Monetary Union federating eight countries:
Benin Benin ( , ; french: Bénin , ff, Benen), officially the Republic of Benin (french: République du Bénin), and formerly Dahomey, is a country in West Africa. It is bordered by Togo to the west, Nigeria to the east, Burkina Faso to the nort ...
,
Burkina Faso Burkina Faso (, ; , ff, 𞤄𞤵𞤪𞤳𞤭𞤲𞤢 𞤊𞤢𞤧𞤮, italic=no) is a landlocked country in West Africa with an area of , bordered by Mali to the northwest, Niger to the northeast, Benin to the southeast, Togo and Ghana t ...
,
Ivory Coast Ivory Coast, also known as Côte d'Ivoire, officially the Republic of Côte d'Ivoire, is a country on the southern coast of West Africa. Its capital is Yamoussoukro, in the centre of the country, while its largest city and economic centre i ...
,
Guinea-Bissau Guinea-Bissau ( ; pt, Guiné-Bissau; ff, italic=no, 𞤘𞤭𞤲𞤫 𞤄𞤭𞤧𞤢𞥄𞤱𞤮, Gine-Bisaawo, script=Adlm; Mandinka: ''Gine-Bisawo''), officially the Republic of Guinea-Bissau ( pt, República da Guiné-Bissau, links=no ) ...
,
Mali Mali (; ), officially the Republic of Mali,, , ff, 𞤈𞤫𞤲𞥆𞤣𞤢𞥄𞤲𞤣𞤭 𞤃𞤢𞥄𞤤𞤭, Renndaandi Maali, italics=no, ar, جمهورية مالي, Jumhūriyyāt Mālī is a landlocked country in West Africa. Ma ...
,
Niger ) , official_languages = , languages_type = National languagesSenegal Senegal,; Wolof: ''Senegaal''; Pulaar: 𞤅𞤫𞤲𞤫𞤺𞤢𞥄𞤤𞤭 (Senegaali); Arabic: السنغال ''As-Sinighal'') officially the Republic of Senegal,; Wolof: ''Réewum Senegaal''; Pulaar : 𞤈𞤫𞤲𞤣𞤢𞥄𞤲𞤣𞤭 ...
and
Togo Togo (), officially the Togolese Republic (french: République togolaise), is a country in West Africa. It is bordered by Ghana to the west, Benin to the east and Burkina Faso to the north. It extends south to the Gulf of Guinea, where its c ...
. GIM-UEMOA is the regional switch federating more than 120 members (banks, microfinances, electronic money issuers, etc.). All interbank cards transactions between banks in the same country or between banks in two different countries UEMOA zone are routed and cleared by GIM-UEMOA. The settlement is done on Central Bank RTGS. GIM-UEMOA also provides some processing products and services to more than 50 banks in UEMOA zone and out of UEMOA zone.


United States

In the U.S., EFTPOS is universally referred to simply as ''debit''. The largest pre-paid debit card company is
Green Dot Corporation The Green Dot Corporation is an American financial technology and bank holding company headquartered in Austin. It is the world's largest prepaid debit card company by market capitalization. Green Dot is also a payments platform company and i ...
, by market capitalization. The same interbank networks that operate the ATM network also operate the POS network. Most interbank networks, such as Pulse,
NYCE The New York Currency Exchange (NYCE) is an interbank network connecting the ATMs of various financial institutions in the United States and Canada. NYCE also serves as an EFTPOS network for NYCE-linked ATM cards. NYCE is based in Secaucus, ...
, MAC, Tyme, SHAZAM,
STAR A star is an astronomical object comprising a luminous spheroid of plasma (physics), plasma held together by its gravity. The List of nearest stars and brown dwarfs, nearest star to Earth is the Sun. Many other stars are visible to the naked ...
, and so on, are regional and do not overlap, however, most ATM/POS networks have agreements to accept each other's cards. This means that cards issued by one network will typically work anywhere they accept ATM/POS cards for payment. For example, a NYCE card will work at a Pulse POS terminal or ATM, and vice versa. Debit cards in the United States are usually issued with a Visa, MasterCard,
Discover Discover may refer to: Art, entertainment, and media * ''Discover'' (album), a Cactus Jack album * ''Discover'' (magazine), an American science magazine Businesses and brands * DISCover, the ''Digital Interactive Systems Corporation'' * D ...
or American Express logo allowing use of their signature-based networks. In 2018, there were 5.836 billion debit cards in circulation in the U.S., and 71.7% were prepaid cards. U.S. Federal law caps the liability of a U.S. debit card user in case of loss or theft at US$50 if the loss or theft is reported to the issuing bank in two business days after the customer notices the loss. Most banks will, however, set this limit to $0 for debit cards issued to their customers which are linked to their checking or savings account. Unlike credit cards, loss or theft reported more than two business days after being discovered is capped at $500 (vs. $50 for credit cards), and if reported more than 60 calendar days after the statement is sent all the money in the account may be lost. The fees charged to merchants for offline debit purchases vs. the lack of fees charged to merchants for processing online debit purchases and paper checks have prompted some major merchants in the U.S. to file
lawsuit - A lawsuit is a proceeding by a party or parties against another in the civil court of law. The archaic term "suit in law" is found in only a small number of laws still in effect today. The term "lawsuit" is used in reference to a civil act ...
s against debit-card transaction processors, such as Visa and MasterCard. In 2003, Visa and MasterCard agreed to
settle Settle or SETTLE may refer to: Places * Settle, Kentucky, United States * Settle, North Yorkshire, a town in England ** Settle Rural District, a historical administrative district Music * Settle (band), an indie rock band from Pennsylvania * ''S ...
the largest of these lawsuits for $2 billion and $1 billion, respectively. Some consumers prefer "credit" transactions because of the lack of a fee charged to the consumer/purchaser. A few debit cards in the U.S. offer rewards for using "credit". However, since "credit" transactions cost more for merchants, many terminals at PIN-accepting merchant locations now make the "credit" function more difficult to access As a result of the
Dodd–Frank Wall Street Reform and Consumer Protection Act The Dodd–Frank Wall Street Reform and Consumer Protection Act, commonly referred to as Dodd–Frank, is a United States federal law that was enacted on July 21, 2010. The law overhauled financial regulation in the aftermath of the Great Rece ...
, U.S. merchants can now set a minimum purchase amount for credit card transactions, as long as it does not exceed $10.


FSA, HRA, and HSA debit cards

In the United States, an
FSA debit card A FSA Debit Card is a type of debit card issued in the United States. It can access tax-favored spending accounts such as flexible spending accounts (FSA) and health reimbursement accounts (HRA), and sometimes health savings accounts (HSA) as well ...
only allow medical expenses. It is used by some banks for withdrawals from their healthcare FSAs (Flexible Savings Account) medical savings accounts (MSA), and
health savings account A health savings account (HSA) is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a high-deductible health plan (HDHP). The funds contributed to an account are not subject to federal in ...
s (HSA) as well. They have Visa or MasterCard logos, but cannot be used as "debit cards", only as "credit cards". Furthermore, they are not accepted by all merchants that accept debit and credit cards, but only by those that specifically accept FSA debit cards. Merchant codes and product codes are used at the point of sale (required by law by certain merchants by certain states in the U.S.) to restrict sales if they do not qualify. Because of the extra checking and documenting that goes on, later, the statement can be used to substantiate these purchases for tax deductions. In the occasional instance that a qualifying purchase is rejected, another form of payment must be used (a check or payment from another account and a claim for reimbursement later). In the more likely case that non-qualifying items are accepted, the consumer is technically still responsible, and the discrepancy could be revealed during an audit. A small but growing segment of the debit card business in the U.S. involves access to tax-favored spending accounts such as FSAs, HRAs, and HSAs. Most of these debit cards are for medical expenses, though a few are also issued for dependent care and transportation expenses. Traditionally, FSAs (the oldest of these accounts) were accessed only through claims for reimbursement after incurring, and often paying, an out-of-pocket expense; this often happens after the funds have already been deducted from the employee's paycheck. (FSAs are usually funded by payroll deduction.) The only method permitted by the
Internal Revenue Service The Internal Revenue Service (IRS) is the revenue service for the United States federal government, which is responsible for collecting U.S. federal taxes and administering the Internal Revenue Code, the main body of the federal statutory t ...
(IRS) to avoid this "double-dipping" for medical FSAs and HRAs is through accurate and auditable reporting on the tax return. Statements on the debit card that say "for medical uses only" are invalid for several reasons: (1) The merchant and issuing banks have no way of quickly determining whether the entire purchase qualifies for the customer's type of tax benefit; (2) the customer also has no quick way of knowing; often has mixed purchases by necessity or convenience; and can easily make mistakes; (3) extra contractual clauses between the customer and issuing bank would cross-over into the payment processing standards, creating additional confusion (for example if a customer was penalized for accidentally purchasing a non-qualifying item, it would undercut the potential savings advantages of the account). Therefore, using the card exclusively for qualifying purchases may be convenient for the customer, but it has nothing to do with how the card can actually be used. If the bank rejects a transaction, for instance, because it is not at a recognized drug store, then it would be causing harm and confusion to the cardholder. In the United States, not all medical service or supply stores are capable of providing the correct information so an FSA debit card issuer can honor every transaction-if rejected or documentation is not deemed enough to satisfy regulations, cardholders may have to send in forms manually. One difference between FSAs and HSAs is the matter of yearend and rollovers: FSAs began as per calendar year, although by 2013 rollovers were introduced.


Uruguay

Debit cards are accepted in a relatively large number of stores, both large and small in Uruguay; but their use has so far remained low as compared to credit cards at ATMs. Since August 2014, with the Financial Inclusion Law coming into force, end consumers obtain a 4% VAT deduction for using debit cards in their purchases.


Venezuela

There has been a lack of cash due to the Venezuelan economic crisis and thus the demand for and use of debit cards has increased greatly in recent years. One reason why a noticeable percentage of businesses have closed is a lack of
payment terminal A payment terminal, also known as a point of sale (POS) terminal, credit card terminal, EFTPOS terminal (or by the older term as PDQ terminal which stands for "Process Data Quickly"), is a device which interfaces with payment cards to make electro ...
s. The most used brands are Maestro (debit card) and Visa Electron.


See also

* ATM card *
Cantaloupe, Inc. Cantaloupe, Inc., previously known as USA Technologies Inc., is an American company known for its work with ePort cashless acceptance technology running on its patented ePort Connect service, a PCI compliant, comprehensive suite of services de ...
*
Charge card A charge card is a type of credit card that enables the cardholder to make purchases which are paid for by the card issuer, to whom the cardholder becomes indebted. The cardholder is obligated to repay the debt to the card issuer in full by the ...
*
Credit card A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the ...
* Debit card cashback * Electronic funds transfer *
Electronic Payment Services Electronic Payment Services (), commonly known as EPS, is an electronic payment system based in Hong Kong, Macau, and with limited acceptance in Shenzhen since it began operations in 1985. The service is provided by EPS Company (Hong Kong) Limite ...
*
EPAS EPAS (Electronic Protocols Application Software) is a non-commercial cooperation initiative launched in Europe which aims at developing a series of data protocols to be applied in a point of interaction (POI) environment. The project intends ...
* Interac * Inventory information approval system, a
point-of-sale The point of sale (POS) or point of purchase (POP) is the time and place at which a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice ...
technology used with
FSA debit card A FSA Debit Card is a type of debit card issued in the United States. It can access tax-favored spending accounts such as flexible spending accounts (FSA) and health reimbursement accounts (HRA), and sometimes health savings accounts (HSA) as well ...
s * Payment card * Payments Council * Payoneer *
Point-of-sale The point of sale (POS) or point of purchase (POP) is the time and place at which a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice ...
(POS)


References

{{DEFAULTSORT:Debit Card * American inventions Banking terms Embedded systems 20th-century inventions