Quick was an

electronic purse Digital currency (digital money, electronic money or electronic currency) is any currency, money, or money-like asset that is primarily managed, stored or exchanged on digital computer systems, especially over the internet. Types of digital cu ...

system available on

Austria Austria, , bar, Östareich officially the Republic of Austria, is a country in the southern part of Central Europe, lying in the Eastern Alps. It is a federation of nine states, one of which is the capital, Vienna, the most populous ...

n 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 retailers such as bakeries, cafés, drink, and parking automats (but even small discount shops such as

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accept it) and intended for purchases of less than €400. The card was inserted into a handheld Quick reader by the merchant who enters the transaction amount for the customer. The customer then confirms the purchase by pushing a button on the keypad, the exact amount debited from the card within a few seconds. As well as the multipurpose bank card version, anonymous cards (also

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) are available for the use of people without bank accounts, such as children and tourists. At ATMs, one can transfer money for free between bank cards and the Quick chip (either on a standalone smart card, or contained in the bank card). The scheme was operated by Europay Austria and most of the

Maestro Maestro (; from the Italian ''wikt:maestro#Italian, maestro'' , meaning "wikt:master, master" or "teacher") is an honorific title of respect (plural: maestros or maestri). The term is most commonly used in the context of Western classical music ...

cards in use contain Quick support, but new ones are not issued without it.

External links

The official Quick site (in German)
Banking in Austria Smart cards Payment cards {{econ-stub

See also

External links