V Pay: Difference between revisions
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'''V PAY''' is a type of debit card issued by [[Visa_Inc.|Visa Europe]]. It provides a fully [[Chip and PIN|chip & PIN]] based card that may be co-branded with various national debit card schemes, such as the German [[Girocard]][http://vpay.com/bank_technical.html][http://vpay.com/press28.html][http://vpay.com/press29.html] or Italy's PagoBancomat[http://www.gruppocarige.it/carige/html/ita/prodotti/famiglia/acquisti/carige_cash_eu.htm]. V PAY is designed to provide a [[Single Euro Payments Area|SEPA]]-compliant card that enables usage across the whole of Europe[http://vpay.com/banks.html], and to compete with [[MasterCard]]'s similar [[Maestro (debit card)|Maestro]] debit card product. V PAY began to be accepted at merchants in France & Greece in 2005[http://vpay.com/press4.html], and acceptance has since expanded to more European countries. By 2010, 14,000,000 V PAY cards had been issued. |
'''V PAY''' is a type of debit card issued by [[Visa_Inc.|Visa Europe]]. It provides a fully [[Chip and PIN|chip & PIN]] based card that may be co-branded with various national debit card schemes, such as the German [[Girocard]][http://vpay.com/bank_technical.html][http://vpay.com/press28.html][http://vpay.com/press29.html] or Italy's PagoBancomat[http://www.gruppocarige.it/carige/html/ita/prodotti/famiglia/acquisti/carige_cash_eu.htm]. V PAY is designed to provide a [[Single Euro Payments Area|SEPA]]-compliant card that enables usage across the whole of Europe[http://vpay.com/banks.html], and to compete with [[MasterCard]]'s similar [[Maestro (debit card)|Maestro]] debit card product. V PAY began to be accepted at merchants in France & Greece in 2005[http://vpay.com/press4.html], and acceptance has since expanded to more European countries. By 2010, 14,000,000 V PAY cards had been issued. |
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V PAY, unlike |
V PAY, unlike cards like Maestro, may not be used in non-chip & PIN environments, limiting its acceptance to those countries and merchants that have upgraded to this system. Also, unlike cards like Maestro, which is issued and accepted globally, V PAY is designed specifically as an European product, and is not issued or accepted outside European countries[http://vpay.com/banks.html], which limits its use primary only in Europe. |
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== External links == |
== External links == |
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Revision as of 17:42, 1 April 2012
V PAY is a type of debit card issued by Visa Europe. It provides a fully chip & PIN based card that may be co-branded with various national debit card schemes, such as the German Girocard[1][2][3] or Italy's PagoBancomat[4]. V PAY is designed to provide a SEPA-compliant card that enables usage across the whole of Europe[5], and to compete with MasterCard's similar Maestro debit card product. V PAY began to be accepted at merchants in France & Greece in 2005[6], and acceptance has since expanded to more European countries. By 2010, 14,000,000 V PAY cards had been issued.
V PAY, unlike cards like Maestro, may not be used in non-chip & PIN environments, limiting its acceptance to those countries and merchants that have upgraded to this system. Also, unlike cards like Maestro, which is issued and accepted globally, V PAY is designed specifically as an European product, and is not issued or accepted outside European countries[7], which limits its use primary only in Europe.