Only Idiots Use Debit Cards -- Why CREDIT IS BETTER
Maestro logo used from October 6, 1997 until July 14, 2016.
Maestro stylized as maestro is a multi-national service owned by that was founded in 1992.
Maestro cards are obtained from associate banks and can be linked to the card holder'sor they can be.
The cardholder presents the card at the POS and this is swiped through the by the assistant or the customer, inserted into a device or read by a contactless reader.
The payment is authorized by the card issuer to ensure that the cardholder has sufficient funds in their account to make the purchase and the cardholder confirms the payment by either signing the sales receipt or entering their 4- to 6-digitexcept with contactless transactions below a specified amount for which no maestro money card verification is required.
Maestro often requires on-line electronic authorization for every transaction, although Mastercard's rules permit the establishment of floor limits on Maestro chip transactions only.
Not only must the information stored in either the or the be read, this has to be sent from the merchant to the issuing bank, the issuing bank then has to respond with an affirmative authorization.
If the information is not read, the issuer will decline the transaction, regardless of any disposable amount on the connected account, except in the Asia Pacific maestro money card, where manual keyed entry is permitted under some circumstances.
This is different from most other debit andwhere the information can be entered manually into the terminal i.
Maestro is accepted at around fifteen million point of sale outlets.
They operate through the local Transbank and network.
Usually, Chilean Maestro cards have a small logo on the back of the card.
Chilean Maestro cards usually are contactless.
Like other PIN-debit networks in the U.
It is as of 2014, the leading debit card, issued by almost all major banks in the country.
It works on all ATMs showing the, Conexus and logos.
Also, certain Bank of China ATMs will present the user with Japanese or Korean language options upon insertion of a Maestro card.
Maestro issuing banks include the India's largest bankState Bank's affiliate banks,, etc.
The exception is the 'First International Bank of Israel' FIBI who do not accept.
In addition, Seven Bank announced in April 2013 that all MasterCard cards, including Maestro, would no longer be accepted at their ATMs due to a disagreement with MasterCard.
Moreover, the largest Danish bank has replaced all of its with Debit MasterCards.
Austrian Maestro article source are virtually always pure Maestro cards.
German Maestro cards, however, are in most cases co-branded maestro money card the German have send money on moneygram online seems />These co-branded cards work like normal Maestro cards within the Maestro network and as Girocards within the Girocard network, but maestro money card cannot be used as Maestro over the telephone or on the internet.
However, as of March 2015 all four major Greek banks have replaced Maestro cards with contactless.
However, as of 2015, all banks have replaced them with contactless or equivalent cards.
The debit card has been phased out by all banks and ceased to operate from March 2014.
Irish cards carried Maestro co-branding from 2008 onwards.
They were intended to be used with POS systems.
The chip on the card was programmed with two applications, one for and one for Maestro.
POS transactions were normally processed over the network in Ireland and the Maestro network when the card was used abroad.
Some POS terminals prompted users to manually select or Maestro before completing the transaction.
Transactions made with these cards were often secured by MasterCard's SecureCode system to verify the cardholder's identity.
These cards were usually multi-functional and operated as a debit card as well as an ATM Card which could be used for accessing ATMs.
Some banks also allowed customers to use their cards to deposit or withdraw money over betway back acca counter or at post offices using their debit card and PIN.
Historically the cards often contained a function indicated by a hologram.
This scheme was shut down in 2011.
Foreign-issued Maestro cards are still accepted in Ireland in ATMs and by many POS machines.
Prior to 2012, Dutch Maestro debit cards were co-branded with the national scheme.
This scheme has since been retired and replaced by Maestro and V Pay.
The main issuer was until, in September 2012, missouri money transmitter to switch to Visa.
Underneath the maestro money card, however, the system was still the old Switch one and the cards were still fundamentally Switch.
In 2011, MasterCard aligned UK domestic Maestro cards the former Switch with the standard international Maestro system, ending its status as a separate card scheme.
This change also led to the discontinuation of the.
In January 2009 and discontinued the use of Maestro cards, issuing cards to new customers and a gradual roll-out throughout 2009 to existing customers.
In September of the same year, the British arms of thenamely andstarted the process of replacing the Maestro card with a for their current accounts, except for the Readycash and Student accounts, for which the Maestro card continued to be issued until 2015.
Likewise, in the same month the Europe's largest debit card issuer which includes theand brands switched from Maestro to Visa Debit, a process that took two years to complete.
This effectively meant that only a few smaller UK banks would be issuing Maestro cards.
In 2015, Bank of Ireland UK replaced its Maestro debit cards with Maestro money card Debit cards.
Retrieved 6 April 2018.
Retrieved 6 April 2018.
Retrieved 6 April 2018.
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Maestro Card - Emergency
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