V Pay
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V Pay is a Single Euro Payments Area (SEPA) debit card for use in Europe, issued by Visa Europe.[1] It uses the EMV chip and PIN system and may be co-branded with various national debit card schemes such as the German Girocard[2][3][4] or Italy's PagoBancomat.[5]
The V Pay card system competes with MasterCard's Maestro debit card product. However, unlike Maestro, V Pay cards cannot be used in non-chip and non-PIN environments, limiting its acceptance to those countries and merchants that use this system. Also unlike Maestro, which is issued and accepted globally, V Pay is designed as a specifically European product, and is not issued or accepted outside European countries.[1]
V Pay cards began to be accepted at merchants in France and Greece in 2005,[6] and acceptance has since expanded to more European countries. As of 2010, 14 million V Pay cards had been issued.[citation needed]
External links
References
- ^ a b "V PAY – Your European debit card". Archived June 25, 2014, at the Wayback Machine
- ^ "V PAY technical requirements". Archived July 1, 2014, at the Wayback Machine
- ^ "Postbank migrates bank cards to V PAY/girocard".[dead link]
- ^ "German banks have agreed to issue 34 million V PAY".[dead link]
- ^ "CarigeCash Europa: la carta bancomat per prelievi ed acquisti sicuri". Banca Carige. (in Italian)
- ^ "France and Greece are first countries to accept V PAY".[dead link]