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Geldkarte (german: "money card") is a stored-value card or electronic cash system used in
The first field trial took place in 1996 in heise.de
19 May 2015 As of 2018, less than 1 percent of all issued cards with Geldkarte functionality were being used. As of 2020, both Geldkarte and its contactless counterpart ''girogo'' are in the process of being phased-out with new cards no longer being issued due to decreased demand. The system will be shut down by 2024 when all remaining cards have been replaced by Girocards with contactless payment function.springerprofessional.de - Geldkarte and girogo functionality to be terminated
17 January 2022
Germany
Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwee ...
. It operates as an offline 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 ...
for small payment at things like vending machines and to pay for public transport or parking tickets. The card is pre-paid and funds are loaded onto the card using ATMs or dedicated charging machines. The system will be abandoned from 2024.
History
The first field trial took place in 1996 in Ravensburg
Ravensburg ( Swabian: ''Raveschburg'') is a city in Upper Swabia in Southern Germany, capital of the district of Ravensburg, Baden-Württemberg.
Ravensburg was first mentioned in 1088. In the Middle Ages, it was an Imperial Free City and an imp ...
.
Since 1 January 2007, the card can be used for the mandatory age verification at German cigarette vending machines. This caused a steep use of the Geldkarte system, which suffered from very low demand in its first ten years. As of 2009, 132 million Euros were spent through the Geldkarte system. The average transaction had a value of €3, however usage numbers were already decreasing again.
In 2015, Deutsche Post
The Deutsche Post AG, operating under the trade name Deutsche Post DHL Group, is a German multinational package delivery and supply chain management company headquartered in Bonn, Germany. It is one of the world's largest courier companies ...
removed Geldkarte acceptance from their stamp vending machines citing low demand.19 May 2015 As of 2018, less than 1 percent of all issued cards with Geldkarte functionality were being used. As of 2020, both Geldkarte and its contactless counterpart ''girogo'' are in the process of being phased-out with new cards no longer being issued due to decreased demand. The system will be shut down by 2024 when all remaining cards have been replaced by Girocards with contactless payment function.springerprofessional.de - Geldkarte and girogo functionality to be terminated
17 January 2022
See also
* Chipknip * FeliCa * Octopus card *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 ...
References
Smart cards Stored-value payment card {{finance-stub