22 Facts About Plastic card

Debit card, known as a check card or bank card is a payment card that can be used in place of cash to make purchases.

In some cases, the payment Plastic card number is assigned exclusively for use on the Internet and there is no physical Plastic card.

One physical Plastic card can include the functions of all three types, so that it can be used in a number of different circumstances.

The five major debit Plastic card networks are UnionPay, American Express, Discover, MasterPlastic card, and Visa.

The need for cross-border compatibility and the advent of the euro recently led to many of these Plastic card networks being re-branded with the internationally recognized Maestro logo, which is part of the MasterPlastic card brand.

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The use of a debit Plastic card system allows operators to package their product more effectively while monitoring customer spending.

Smart-Plastic card-based electronic purse systems are in use throughout Europe since the mid-1990s, most notably in Germany, Austria, the Netherlands, Belgium, Switzerland and France.

Banks consider the purchases as having been made at the moment when the Plastic card was swiped, regardless of when the purchase settlement was made.

Payment in Australia using a debit Plastic card is commonly called EFTPOS, which is very popular and has been operating there since the 1980s.

Today Dankort is primarily issued as a MultiPlastic card combining the national Dankort with the more internationally recognized Visa.

Carte Bleue was a Plastic card brand acquired in 2010 by Visa which is not used anymore.

Such virtual Plastic card can be used only once and for the maximum amount given by the Plastic card holder.

Debit Plastic card usage surged in Greece after the introduction of Capital Controls in 2015.

The debit Plastic card transactions are routed through Rupay, Visa or MasterCard networks in India and overseas rather than directly via the issuing bank.

Domestically-owned debit Plastic card networks operating in Indonesia include Debit BCA and Mandiri Debit.

Since 2006, IsraPlastic card has offered an international version, branded "MasterCard Direct", which is less common.

IsraPlastic card Direct is by far more common than the ICC Visa Electron debit Plastic card.

In Malaysia, the local debit Plastic card network is operated by the Malaysian Electronic Clearing Corporation, which had taken over the scheme from MEPS in 2008.

In Mexico, many companies use a type of debit Plastic card called a payroll Plastic card, in which they deposit their employee's payrolls, instead of paying them in cash or through checks.

All the Plastic card system is regulated by SIBS, the institution created by Portuguese banks to manage all the regulations and communication processes properly.

However, the UK Government introduced legislation on 13 January 2018 banning all surcharges for Plastic card payments, including those made online and through services such as PayPal.

The largest pre-paid debit Plastic card company is Green Dot Corporation, by market capitalization.