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Cirrus is a worldwide interbank network that provides cash to Mastercard cardholders. As a subsidiary of Mastercard, it connects all Mastercard's credit , debit , and prepaid cards , as well as ATM cards issued by various banks worldwide bearing the Mastercard/ Maestro logo.
Maestro is a PIN-based debit card network closely related to the Cirrus ATM network, also owned by Mastercard. Like other PIN-debit networks in the U.S., Maestro there relies solely on a standard card and PIN, without a chip; signature-debit transactions in the U.S. are handled through the main Mastercard network or the rival Visa network.
The slow pace of the expansion of the girocard acceptance network has attracted criticism from authors who have pointed out that, in the UK, the once-dominant Switch/Maestro debit cards were accepted at 571,268 locations in 2001 (one location per 103 inhabitants) and at over 900,000 places in 2005 – "from high street shops to pubs, opticians ...
Swedbank has offered Debit Mastercard in Estonia since 2011, Latvia and Lithuania since 2012. Nordea has offered Debit Mastercard in Latvia since 2016. SEB has offered Debit Mastercard and Visa Debit for years equally in the Baltic states, but since March/April 2014 SEB decided to prefer Debit Mastercard as their main debit card, still somewhat offering also Visa Debit.
They acquired the Cirrus network of automated tellers in 1985. [16] In 1997, Mastercard took over the Access card; the Access brand was then retired. [citation needed] In 2002, MasterCard International merged with Europay International, another large credit-card issuer association, of which Eurocard had become a part in 1992. [17]
Carte Bleue (English: 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.
Switch/Maestro cards issued by certain banks carried an issue number on the bottom of the card corresponding to the number of times a card had been issued on a particular account. This was usually because the current account number the card was linked to actually formed a large part of the card number, and therefore the card number could not be ...
Eurocard was a credit card, introduced in 1964 by Marcus Wallenberg Jr. of the Wallenberg family as an alternative to American Express. [1] In 1968, it signed a deal with the Interbank Card Association (today's MasterCard) so that their cards were accepted by each other's networks; this eventually led to a joint venture known as Maestro International in 1992, and merger in 2002.