Debit Visa is the main debit card brand issued by Visa in many countries around the world. Many banks and financial institutions issue Visa Debit cards to their customers for access to their bank accounts. In many countries, the Visa Debit function is often incorporated into plastic cards that allow access to domestic ATMs and EFTPOS networks.
Video Visa Debit
Usage
In many countries, the Visa Debit function has been added to an existing ATM card to allow customers to use the card for internet and point of sale transactions.
Canada
In Canada, almost all domestic debit card transactions are processed through the Interac network, although some financial institutions have also permitted international PIN-based ATM transactions on the Plus Visa-owned network. However, Interac's dominance has left little room for alternative debit networks like Visa or MasterCard to be used for domestic transactions.
Some Canadian financial institutions that primarily offer credit cards through the Visa network - including CIBC, RBC, Scotiabank, and TD - currently offer Visa Debit, either through dual-network co-branded cards that also work on Interac (CIBC, Scotia and TD) , or as a "virtual" card used in conjunction with the customer's Interac (RBC) debit card. Both options ensure customers can make point-of-sale transactions or ATM withdrawal as usual through Interac, but using the Visa network to process online, telephone and international transactions, none of which are well supported by Interac. (The latter does have its own online payment service, Interac Online, which Visa cards co-branded are not eligible for.)
For dual network cards, direct transactions in Canada are processed on the Interac network, but international transactions, as well as online and phone orders through Canadian retailers, are processed through the Visa network. (However, Canadian retailers should specifically allow Visa Debit transactions, even if they already accept Visa credit cards.) "Virtual Visa Debit" works the same; customers use an existing Interac debit card for direct transactions (and Interac Online) in Canada, but also a "virtual" secondary Visa card (eg card number, validity period and CVV2) that can be used for online and telephone transactions (but not point-of-sale, in Canada or internationally).
Although Visa floated the prospect of competing directly with Interac in connection with point of sale transactions in 2009, there has been no indication since 2010 that they continue to pursue this option.
German
The German banking industry is very fond of the Girocard technology that can be co-branded with Maestro or V-Pay, but not with a stronger Debit MasterCard or Visa Debit.
However, over the past few years, certain financial institutions such as Consorsbank and ING-DiBa have started issuing cards related to checking accounts but using the Visa protocol. This card allows free cash withdrawals at ATMs belonging to other banks; the bank issuing it absorbs the costs of the Visa network.
Greek
In Greece Piraeus Bank and Alpha Bank offer Visa Debit cards to their customers as an option, once updated from the Visa Electron card they normally offer.
ireland
Many Irish banks, such as TSB Permanen, are now issuing Visa Debit cards to their current account customers because the domestic Laser scheme, usually with the badest with Maestro, was abandoned in the early 2010s.
Israel
In Israel, Visa Debit was launched in April 2015, and is only offered to Bank Leumi customers, through its subsidiary, Leumi Card. The bank was used to issue debit cards under the Visa Electron brand before losing interest in controlling it in the ICC credit company in 2000.
Italy
In Italy, the first Visa Debit branded card is issued by Fineco as the default option for debit cards, starting from 2016. All new customer cards (and cards due to renewals) will be replaced with Visa Debit cards co-branded with National Bancomat network.
Philippines
In the Philippines, major banks such as BDO, Unionbank, Landbank, Eastwest, and RCBC are major publishers of Visa Debit.
The only major Visa Debit competitor is MasterCard Debit.
United Kingdom
The first debit card in the United Kingdom was launched by Barclays in June 1987 under the brand "Connect". NatWest followed by a "Switch" debit card in October 1988. Connections were then merged into Visa.
Visa Debit cards were formerly known as "Visa Delta" only in the UK. The name Delta was removed for the creation of the Visa Debit brand starting September 1998.
United States
Many banks issue a Visa debit card linked to the account. Some banks that issue their cards call the card "Visa check card", Card allows purchase at every merchant where all types of Visa cards are accepted. Transactions are processed in one of three ways. The signed transaction is processed through regular Visa credit network. PIN-based transactions, including ATM withdrawals, are processed through the Plus and Interlink Visa networks owned. Many retailers allow money back with PIN-based transactions. Also, in line with other credit and debit purchases, transactions under $ 25 are exempt from requiring a signature or PIN.
Maps Visa Debit
Market competition
Competitors for Debit Visa on the debit card market are Maestro and Debit MasterCard debit cards, as well as V-Pay Visa cards in Europe.
References
Source of the article : Wikipedia
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