Case Summary I. Background to the Terms of Use Applying to the German ATM System
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About MasterCard International: MasterCard International is a leading global payments solutions company that provides a broad variety of innovative services in support of their global members' credit, deposit access, electronic cash, business-to-business and related payment programs. MasterCard international manages a family of well-known, widely accepted payment cards brands including MasterCard®, Maestro®, and Cirrus® and serves financial institutions, consumers and businesses in over 210 countries and territories. What is a Debit Card: Maestro® is the Global Debit Card cum ATM Card product of MasterCard International. This card can be used to make on-line bill payments through 49,000 Point of Sale (POS) terminals in India and 70,00,000 merchant establishments worldwide exhibiting “MAESTRO” logo. In other words the Debit Card holder can pay their bills, at shops exhibiting “Maestro” Logo, using this card instead by cash or cheque. The card holder need not carry cash in future when all the shops provide this facility. SIB's Debit Card can also be used as an ATM card within the ATM network of the Bank. People around the world prefer debit card over credit card since the spending can be restricted to what they have in their account. Since payment is effected only if there is available balance in the customer's account, it is absolutely risk-free for the banks. SIB plans to issue debit cards liberally as an added convenience to its customers which in turn reduces the pressure on cash transactions at the counters. How is CIRRUS relevant to other bank's Maestro Card holders: SIB has acquired “CIRRUS”, the product of MasterCard International. -
(Automated Teller Machine) and Debit Cards Is Rising. ATM Cards Have A
Consumer Decision Making Contest 2001-2002 Study Guide ATM/Debit Cards The popularity of ATM (automated teller machine) and debit cards is rising. ATM cards have a longer history than debit cards, but the National Consumers League estimates that two-thirds of American households are likely to have debit cards by the end of 2000. It is expected that debit cards will rival cash and checks as a form of payment. In the future, “smart cards” with embedded computer chips may replace ATM, debit and credit cards. Single-purpose smart cards can be used for one purpose, like making a phone call, or riding mass transit. The smart card keeps track of how much value is left on your card. Other smart cards have multiple functions - serve as an ATM card, a debit card, a credit card and an electronic cash card. While this Study Guide will not discuss smart cards, they are on the horizon. Future consumers who understand how to select and use ATM and debit cards will know how to evaluate the features and costs of smart cards. ATM and Debit Cards and How They Work Electronic banking transactions are now a part of the American landscape. ATM cards and debit cards play a major role in these transactions. While ATM cards allow us to withdraw cash to meet our needs, debit cards allow us to by-pass the use of cash in point-of-sale (POS) purchases. Debit cards can also be used to withdraw cash from ATM machines. Both types of plastic cards are tied to a basic transaction account, either a checking account or a savings account. -
B+S Card Service: Transaction Volume Grows – Newly Established Top Management
Press release B+S Card Service: Transaction Volume Grows – Newly Established Top Management Frankfurt/Main, January 28th 2013. Once again, in the just ended fiscal year 2012 (October 2011 thru September 2012), B+S Card Service was able to grow processing volume originating from the processing of card payment transactions. In whole, B+S, a partly owned subsidiary of Deutscher Sparkassenverlag, processed payments amounting to 23.1 billion Euros (2 per cent increase) – the B+S all-time corporate record since start up in 1989. At the end of the 2012 fiscal year, B+S had more than 227,000 customers in fourteen European countries. As one of the few companies not only offering one-stop network and POS but also comprehensive acquiring services, B+S currently operates approximately 167,000 payment terminals that processed roughly 553 Million transactions during the fiscal year. B+S Innovation in Contactless Payment In 2011/12, the focus in particular was on product development for contactless payments. B+S started the service of payment processing compliant to the new girogo payment process and as first service provider even introduced two further contactless-enabled payment terminals H5000 and VX820 to the German market. The product portfolio was honoured with numerous awards, most recently with an innovation prize sponsored by the Deutscher Sparkassen- und Giroverband (German Savings Banks Association, DSGV) contactless payments terminal competition.“. - 1 - „From a product perspective, contactless payment remains the central issue for our company“, B+S managing director Matthias Kaufmann explains. “Especially in Germany it accelerates the existing trend towards distinctly more cashless payments. -
Sonderbedingungen Für Die Girocard (Fassung
Girocard (Debit Card) The present translation is furnished for the customer’s convenience only. The original German text is binding in all respects. Special Terms and Conditions In the event of any divergence between the English and the German texts, A. Guaranteed Types of Payment constructions, meanings, or interpretations, the German text, construction, meaning B. Other Bank Services or interpretation shall govern exclusively. C. Additional Applications D. Amicable Dispute Resolution and Other Possibilities for Complaints A. Guaranteed Types of Payment I. Scope of Application Girocard is a debit card. Card Holder may use the Card for the below payment services if the Card and the terminals are equipped accordingly: 1 in connection with a personal identification number (PIN) with all German debit card systems: a) for withdrawing cash at cash machines belonging to the German cash machine system showing the girocard logo; b) for using it with retailers and services providers at automated tills belonging to the German girocard system showing the girocard logo (“Girocard Terminals”); c) for topping up prepaid mobile phone accounts at cash machines which a user has with a mobile phone operator if the cash machine operator offers such services and the mobile phone operator participates in the system. 2 in connection with a personal identification number (PIN) with third-party debit card systems: a) for withdrawing cash at cash machines belonging to third-party cash machine systems if the card is equipped accordingly; b) for using it with retailers and services providers at automated tills belonging to third-party systems if the card is equipped accordingly; c) for topping up prepaid mobile phone accounts at third-party cash machines which a user has with a mobile phone operator if the cash machine operator offers such services and the mobile phone operator participates in the system, whereby Card acceptance by third-party systems is subject to the third-party system acceptance logo. -
ATM and Debit Card Safety Tips P1
ATM DEBIT CARD SAFETY TIPS Sensible Steps for: Personal Safety Account Security Identity Theft Protection ATM and Debit Card Safety and Security ith the banking convenience made possible with Automated Teller Machines WW (ATMs) and other Point of Sale terminals comes an increased need for security and personal caution. This includes protecting your ATM card number, Debit Card number, Personal Identication Number (PIN), and cash, and being aware of the condition of the machine and your surroundings. It’s no longer enough to take measures to protect your physical safety and your cash after a transaction at the ATM – now you must be aware of cameras and skimming devices that secretly record (steal) your bank account numbers and PIN numbers. Here are some other tips for safer transactions both Electronic and Personal: Electronic Safety Tips PROTECT YOUR CARD AND PIN Protect your ATM and debit cards as if they were cash. Report lost or stolen cards immediately. Don’t write your Personal Identication Number (PIN) on your card or give the number out to anyone, including friends and family, and do not reveal it to anyone over the phone. Avoid using numbers that are easily identied (birth date, phone number, etc.) with your personal identity. CONDUCT YOUR TRANSACTIONS PRIVATELY Use common courtesy at the ATM. Give people ahead of you space to conduct their transactions. When you use the ATM conduct your business quickly and eciently, make sure no one watches you key in your PIN number. Use your body and free hand to shield the ATM keypad during the transaction. -
CONSUMER DEBIT CARD ATM CARD Look for These Logos at ATM
CONSUMER DEBIT CARD ATM CARD Make purchases plus get cash fast at ATMs Get cash fast at ATMs Applicant Name: New Student _____________________________________________________________ Card Type: Sunset Eagle Your card and PIN will be sent to the address on your account statement. Please speak to an Account Representative for special mailing __________________________________ CHECKING ACCOUNT NUMBER accommodations. (Required for Debit Card __________________________________ Last 4 digits of Applicant’s Social Security Number: ___________________ SECONDARY CHECKING ACCOUNT NUMBER __________________________________ Daytime Phone: Evening or Message Phone: SAVINGS ACCOUNT NUMBER __________________________ __________________________ __________________________________ Reason for new card (lost, damage, etc.) I hereby request that I be issued a First Bank Consumer Debit card or a ATM card and Personal Identification Number for use at merchant locations, point-of-sale terminals (Consumer Debit Card only) and automated teller machines (ATMs) to access my account(s) at First Bank. I understand that I may use my card to access my savings account through an ATM only. I also acknowledge receipt of an Electronic Funds Transfer Disclosure and a Cardholder Agreement, and understand that use of my Consumer Debit Card or ATM card shall governed by the terms and conditions applicable to my account(s), to the terms of the Cardholder Agreement, by laws, rules, regulations or applicable law, and such terms, conditions, and/or amendments as may be established from time to time and communicated to me in writing. ________ As the parent/guardian on this account, I understand that I am responsible for the Please Initial transactions conducted by the minor owner. Applicant’s Signature Date If applicable, Parent Signature Date In order to expedite the processing of your application form, please remember: 1. -
New Debit Card Solutions At
New Debit Card Solutions Debit Mastercard and Visa Debit are ready Swiss Banking Services Forum, 22 May 2019 Philippe Eschenmoser, Head Cards & A2A, Swisskey Ltd Maestro/V PAY Have Established Themselves As the “Key to the Account” – Schemes, However, Are Forcing Market Entry For Successor Products Response from the Maestro and V PAY are successful… …but are not future-capable products schemes # cards Maestro V PAY on Lower earnings potential millions8 for issuers as an alternative payment traffic products (e.g. 6 credit cards, TWINT) Issuer 4 V PAY will be 2 decommissioned by VISA Functional limitations: in 20211 – Visa Debit as 0 • No e-commerce the successor 2000 2018 • No preauthorizations Security and stability have End- • No virtualization proven themselves customer High acceptance in CH and Merchants with an online MasterCard is positioning abroad in Europe offer are demanding an DMC in the medium term online-capable debit as the successor to Standard product with an Merchan product Maestro integrated bank card t 2 1: As of 2021 no new V PAY may be issued TWINT (Still) No Substitute For Debit Cards – Credit Cards With Divergent Market Perception TWINT (still) not alternative for debit Credit cards a no alternative for debit Lacking a bank card Debit function Limited target group (age, ~1.1 M 1 ~10 M. creditworthiness...) Issuer ~48.5 k ~170 k1 No direct account debiting DMC/ Visa Debit Potentially high annual fee End-customer Lower customer penetration Banks and merchants DMC/ P2P demand an online- Higher costs Merchant Visa Debit -
2013 Annual Report and Form 10-K 1 a Letter from the CEO
Contents Financial Metrics 1 Letter from the CEO 2 Cardtronics At A Glance 4 Infographic: A Cashless Society? 5 Traditionally Strong 6 Transformative Acquisitions 8 Enterprising ATM Estate 10 Executive Leadership 12 Inside Back Contact Information and Notices Cover Where Cash Meets Commerce Financial Metrics Total Revenue (in millions) 2009 493.4 2010 532.1 +12% vs. 2012 2011 624.6 2012 780.4 2013 876.5 218.8 1.93 1.61 +15% 189.5 +20% vs. 2012 vs. 2012 1.37 156.3 130.8 1.00 110.4 0.68 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013 Adjusted EBITDA* Adjusted Diluted Earnings per Share* (in millions) 2009 30.2% 2009 74.9 2010 32.3% +1.8% 2010 105.2 +34.6% 2011 32.7% vs. 2012 2011 113.3 vs. 2012 2012 31.3% 2012 136.4 2013 33.1%* 2013 183.6 Adjusted Gross Profit Margin* Operating Cash Flows (in millions) *For details on the calculation of Adjusted EBITDA, Adjusted Diluted Earnings per Share and Adjusted Gross Profit Margin, please see the reconciliation included in the Form 10-K. 2013 Annual Report and Form 10-K www.cardtronics.com 1 A Letter From the CEO Dear Cardtronics Shareholders, 2013 proved to be a productive blend of solid execution, growth, strategic investment and creation of shareholder value. Our model for investors emphasizes steady, reliable growth. And on that note, we are pleased with our performance. In 2013, solid performance from our traditional core drivers melded together with two transformative acquisitions and a series of strategic investments and realignments that will drive our future growth — including creation of the Enterprise Growth Group, whose sole charge is to deliver the most valuable consumer ATM experience. -
A Quick Guide for Consumers on Credit, Debit, and Prepaid Cards
A Quick Guide for Consumers on Credit, Debit, and Prepaid Cards Credit Cards Debit Cards Prepaid Cards A credit card is a loan. A debit card is linked to your bank account There are a variety of prepaid cards, including and is issued by your bank. "general purpose reloadable" (GPR) cards which carry a brand of a card network (such as Visa or MasterCard) and can be used where What it is that brand is accepted. Payroll cards and gift cards are two other types of prepaid cards. When you borrow funds using a credit card, When you use a debit card, the money Prepaid cards, which generally allow you must pay the money back. You may spent is taken directly from your bank consumers to spend only the money deposited also have to pay interest if not paid in full. account. Debit cards may be especially onto them, can have a number of different Credit cards may be especially useful if you useful for small and routine purchases, but features. For instance, some gift cards may be want to pay for things when your bank they are considered less beneficial than used only at a single merchant; most GPR How it Works account balance is low or to take credit cards for major purchases or buying cards may be used to pay for purchases and advantage of a no-interest introductory items online because of the more limited access cash at ATMs. period. protections in cases of unauthorized transactions or disputes. Consumer Protections Available Your liability for losses is limited to a The maximum liability is $50 if you notify the Liability depends on the type of funds on the maximum of $50 if your credit card is lost or bank within two business days after card. -
V PAY Card Disclosure, Terms and Conditions
account information V PAY Card Disclosure, Terms and Conditions Table of Contents I. Types of Payments or Transfers ......................................... 2 II. General Rules .................................................................... 2 III. Fees and Limits on Transfer Amount ............................... 4 IV. Account Holder’s Liability for Unauthorized Charges ...... 4 V. Special Rules for Other Uses ............................................. 5 VI. Other Disclosures and Information ................................. 5 V PAY Disclosure, Terms, and Conditions The following information is being provided to you in accordance with Regulation E and the Electronic Funds Transfer Act, and German law. Service Federal Credit Union (Service CU) intends the V PAY Card for use in Europe only. NOTE: The Service CU V PAY Card (formerly, Girocard) will be activated only in support of point-of-sale (POS) debit transactions, to include contactless transactions. Uses of this card for ATM withdrawals, as a chip-based purse (GeldKarte), or to support third party applications are not authorized. I. TYPES OF PAYMENTS OR TRANSFERS The cardholder may use the Service CU V PAY Card (hereinafter referred to as “Card”), for the following payment services. A. In combination with the Personal Identification Number (PIN), which includes Contactless Payment, in German debit card systems: For use at retailers and service companies at POS terminals operated under the German electronic cash system identified by the V PAY logo. B. In combination with the PIN, which includes Contactless Payment, in foreign debit card systems: For use at retailers and service companies at POS terminals operated under a foreign system, provided that the Card is issued with the corresponding functions. In some countries, a signature may be requested instead of a PIN, depending on the system. -
Visa Debit Card Disclosure
VISA DEBIT CARD DISCLOSURE VISA CHECK CARD -point of sale transactions. You may access your share draft accounts to purchase goods (in person or by phone), pay for services (in person or by phone), get cash from any merchant permitting or a participating financial institution, and do anything that you can do with a traditional credit card (that a participating merchant will accept). Point-of-Sale Transactions may include restrictions on frequency and dollar amounts or could include surcharges, as per the individual merchant’s rule. Other limitations enforced by Visa and by our Credit Union state that: You may not exceed $1,500.00 in signature based transactions per day. You may withdraw cash or make PIN based purchases up to $200.00 per day. Point-of-sale or ATM cash withdrawals that will take your account into a negative balance, will be declined unless you have opted to have Courtesy Pay. If you have charges or withdrawals covered by Courtesy Pay, you will be charged $35.00 for each applicable transaction. When a deposit is made at an ATM, certain holds will be placed until the funds have been verified. In any instance, there will be a $30.00 fee for ATM deposits made with empty envelopes, or amounts less than the original transaction amount. TRANSACTION LIMITATIONS – Due to federal regulations, Share Savings accounts may not have more than a total of 6 withdrawals or transfers to a third party by means of a preauthorized, automatic, or computer transfer or similar order, each month. This includes Visa Check Card and electronic transfer transactions. -
Mastercard® Debit Card CUSTOMCASH ATM CARD
® MasterCard Debit Card MasterCard® Debit Card and CustomCash ATM Card Application If you’re looking for an ATM card that you can also use just Please Check One: MasterCard® Debit Card CustomCash ATM Card ® like a check to make purchases wherever MasterCard is ® accepted, then the Winter Hill Bank MasterCard Debit Card 1. Tell Us About Yourself is your best choice. If this is a joint checking account, please note that all account holders must complete and sign this application. It’s A More Convenient Way To Shop Name ______________________________________ Name You’ll avoid the hassle of carrying around a bulky checkbook Address ______________________________________ Address when you use your Winter Hill Bank Debit Card. That’s ______________________________________ because your card works like a check, but lets you Social Security No. ________________________________ Social Security No. conveniently pay for purchases anywhere you see the Date of Birth ________________________________ Date of Birth MasterCard® or NYCE® symbols. Then, the amount of your Home Phone ________________________________ Home Phone purchase is deducted directly from your checking account. Work Phone ________________________________ Work Phone With your Winter Hill Bank Debit Card, shopping is more convenient than ever before. 2. Please indicate below your accounts you wish to access with your card Easy Access to Our Worldwide ATM Network Primary NOW/Checking Acct. No.* Primary NOW/Checking Acct. No.* Secondary NOW/Checking Acct. No. Secondary NOW/Checking Acct. No. Getting cash with the Winter Hill Bank Debit or ATM Card Primary Statement Sav. Acct. No. Primary Statement Sav. Acct. No. has never been easier. Your card gives you access to ATMs Secondary Statement Sav.