Girocard

Short description: Interbank network and debit card service

girocard

Operating area| Germany
Members| 2,000
ATMs| 54,000
Website| www.girocard.eu

girocard is an interbank network and debit card service connecting virtually all Germany ATMs and banks. It is based on standards and agreements developed by the German Banking Industry Committee.

German girocards are usually co-branded with Mastercard's Maestro/Cirrus or Visa's V Pay logo, allowing cardholders to use them in other European countries.[1][2][3][4][5] As another co-badging option, combined girocard/JCB cards were introduced in 2016.[6] The German Savings Banks Association has announced that upcoming Sparkassen-Cards will also function as full Debit Mastercard or Visa Debit cards in addition to girocards and will have a 16-digit Mastercard/Visa number to pay online.[7] Some banks are phasing out girocards. DKB, for instance, starting in 2023 issues its customers a Visa Debit card and charges extra for a Girocard.[8]

## Contents

* 1 History
* 2 Services
* 2.1 POS
* 2.2 ATM network
* 3 Mobile Payment and Digital Wallet
* 4 See also
* 5 References
* 6 External links

## History

Originally,[when?] German banks formed an interbank network connecting virtually all German ATMs. The network used Eurocheque guarantee cards as ATM cards and did not have a name or trademark of its own. In 1991, the electronic cash debit card service was introduced using the same cards, replacing the Geldkarte ATM and POS scheme in the territory of former-East Germany.[9] The cards used for all three payment methods were simply known as Eurocheque card (German Eurocheque-Karte).

When the Eurocheque system was disbanded at the end of 2001, the cards could no longer use the Eurocheque brand. However, German banks continued to use the EC logo, which was simply re-interpreted as "electronic cash" and the cards were colloquially known as an EC card (German EC-Karte). However, the ATM network still did not have a trade name and was generically called "Deutsches Geldautomaten-System" (German ATM System).

In 2007, the German Banking Industry Committee introduced "girocard" as a common name for electronic cash and the German ATM network. girocard purports to be SEPA-compliant, even though cards are only issued and accepted within Germany.

## Services

### POS

The girocard network is used for point-of-sale payments within Germany. Two principal processing methods can be used: chip-and-pin guaranteed girocard payment and chip-and-signature non-guaranteed Electronic Direct Debit (ELV, Elektronisches Lastschriftverfahren).

About 770,000 places in Germany accepted girocard payments in summer 2016 (approximately one location per 106 inhabitants). The slow pace of the expansion of the girocard acceptance network has attracted criticism from authors who have pointed out that in the UK, the once-dominant Switch/Maestro debit cards were accepted at 571,268 locations in 2001 (one location per 103 inhabitants) and at over 900,000 places in 2005 – "from high street shops to pubs, opticians, websites, cinemas – even local councils".[10]

A common misconception is that girocard can be used for card-not-present payments. girocards are generally not equipped for e-commerce and any attempt to use the internal 19-digit card number, starting with 672 or 482, through Maestro or V Pay will fail. SEPA Direct Debit transactions are occasionally mislabeled as EC or girocard e-commerce transactions.

### ATM network

The German ATM network connects virtually all German ATMs. However, German banks charge high out-of-network ATM usage fees (up to €10) from customers using girocards from unaffiliated banks. (As surcharges for cash withdrawals within the Visa or Mastercard networks are rather uncommon, certain specialty banks, mostly online banks and ethnic banks, have started to issue Visa Debit and Debit Mastercard cards to their German customers for free cash withdrawals.[11])

There are several cooperations reducing or waiving these fees:

* EUFISERV is a European compact which includes the Sparkasse saving banks in Germany to waive the fees for customers of other local branches.
* Bankcard-Servicenetz is a cooperation of most co-operative banks to waive or reduce the fees for other co-operative banks.
* Cash Group is a cooperation of major private banks, which mutually waive the fees.
* CashPool is a cooperation of smaller private banks (including many virtual banks), which mutually waive the fees.

Some banks participate in more than one cooperation and therefore offer free cash withdrawals at more than 85% of all German ATMs. In addition, some large chain stores such as REWE, PENNY Markt, toom Baumarkt and Netto Marken-Discount offer cashback at the till. This service is free of charge but requires a minimum purchase amount of €20. Cashback is limited to €200 per day.

## Mobile Payment and Digital Wallet

Sparkassen and Volksbanken und Raiffeisenbanken are the only German banks to offer the girocard for the digital wallet, namely Apple Pay.[12] Sparkassen-Cards in Apple Pay also work with the Debit Mastercard and Visa Debit co-badge.[13][14] Apple, Inc. has been in lengthy negotiations with the girocard committee to allow girocards to be added to the Apple Pay from the additional German banks. The negotiations have been unsuccessful when girocard committee rejected the fee terms set by Apple, Inc. girocards cannot yet be used in Google Pay[15] or Samsung Pay (as of November 2021).

## See also

* Single Euro Payments Area
* Debit card
* Laser (debit card)

## References

1. ↑ Postbank: V PAY, Retrieved August 22, 2010.
2. ↑ Sparkasse debit card leaflet , Retrieved August 22, 2010.
3. ↑ VR Bank debit cards picture gallery , Retrieved August 22, 2010.
4. ↑ ING-DiBa: Paying with your card , Retrieved August 22, 2010.
5. ↑ Commerzbank Banking Portal , Retrieved August 22, 2010.
6. ↑ JCB: PayCenter GmbH stellt die erste JCB-girocard Co-badged Karte in Deutschland vor , German, Retrieved August 11, 2016.
7. ↑ "Sparkassen-Card including a new digital co-badge makes mobile payment easier worldwide". Deutscher Sparkassen- und Giroverband. 16 August 2022. https://www.dsgv.de/en/press/press-releases/220830-PM-digital-co-badge.html.
8. ↑ Weidner, Markus (2023-01-02). "DKB: Diese Extra-Gebühr trifft ab sofort alle Kunden" (in de). https://www.teltarif.de/dkb-girocard-bestandskunden/news/90461.html.
9. ↑ A predecessor of electronic cash, the East German Geldkarte scheme is not to be confused with GeldKarte/girogo, a distinct stored value application introduced in the late 1990s: Yang, Maximilian (September 1, 2016). "Card Payments and Consumer Protection in Germany". Anglo-German Law Journal. http://www.aglawsoc.org/files/aglj/aglj_body_2016_online.pdf. p. 12.
10. ↑ Yang, Maximilian (September 1, 2016). "Card Payments and Consumer Protection in Germany". Anglo-German Law Journal. p. 10. http://www.aglawsoc.org/files/aglj/aglj_body_2016_online.pdf.
11. ↑ Yang, Maximilian (September 1, 2016). "Card Payments and Consumer Protection in Germany". Anglo-German Law Journal. http://www.aglawsoc.org/files/aglj/aglj_body_2016_online.pdf. p. 15.
12. ↑ "Mobile Payment - die digitale girocard". EURO Kartensysteme GmbH. https://www.girocard.eu/fuer-karteninhaber/#section-2-321. Retrieved 1 November 2021.
13. ↑ "Apple Pay mit der Girokarte: Weitgehend zufriedene Nutzer". iPhone Ticker. 28 August 2020. https://www.iphone-ticker.de/apple-pay-mit-der-girokarte-weitgehend-zufriedene-nutzer-162266/. Retrieved 1 November 2021.
14. ↑ Schaake, Marc-Oliver (2022-08-16). "Sparkassen: Co-Badge (Debit Mastercard) für Apple Pay und Android verfügbar" (in de-DE). https://nocash.blog/2022/08/16/sparkassen-co-badge-debit-mastercard-fuer-apple-pay-und-android-verfuegbar/.
15. ↑ "Deutschland: Unterstützte Zahlungsmethoden". Google Pay-Hilfe. https://support.google.com/pay/answer/7644809?hl=de. Retrieved 1 November 2021.

## External links

* v
* t
* e

Credit, charge and debit cards

Major cards|

* American Express
* Diners Club
* Mastercard
* Debit Mastercard
* Maestro
* Visa
* Visa Debit
* Visa Electron

Regional and
specialty cards|

* Bancomat
* BC Card
* BCA Card
* Cabcharge
* Dankort
* Discover
* EFTPOS
* Electronic Payment Services (EPS)
* Elo
* Forbrugsforeningen
* Girocard
* Interac
* Isracard
* JCB
* Mir
* MEPS
* NETS
* PayPak
* RuPay
* Troy
* UnionPay
* UATP
* V Pay
* Verve

Defunct cards|

* Access
* Bankcard
* Carte Blanche
* Carte Bleue
* Choice
* enRoute
* Eurocard
* Everything
* Laser
* Rail Travel Card
* Revolution Card
* Solo
* Switch
* PIN

Accounts|

* Payment card number
* Card association
* Card enclosure
* Credit card balance transfer
* Credit limit
* Installment credit
* Revolving account
* Deposit account
* Current/checking account
* Savings account
* ATM card
* Fees

Debt|

* Cash advance
* Charge-off

Interest|

* Grace period
* Introductory rate
* Universal default

Payment|

* Card not present transaction
* Chargeback
* Controlled payment number
* Dispute

Interchange|

* Interchange fee
* Surcharge
* Card scheme

Security|

* Card security code
* Chargeback fraud
* Credit card fraud
* Credit card hijacking

Technology|

* Automated teller machine
* Contactless payment
* EMV
* Hardware security module
* Interbank network
* Magnetic stripe card
* Payment terminal
* Personal identification number
* Secure cryptoprocessor
* Smart card

Banking|

* Issuing bank
* Acquiring bank

* v
* t
* e

Interbank networks by region

Worldwide|

* Cirrus
* Plus

Africa|

* 123
* Multicaixa

Asia|

* 1LINK
* ALTO
* atm5
* ATM Bersama
* BancNet
* Banks ATM Network and Customer Services
* Cashnet
* CashTree
* Clearing House Automated Transfer System (CHATS)
* Dutch Bangla Bank Nexus
* Encash Network Service
* Electronic Payment Services (EPS)
* EZ-Link
* Faster Payment System (FPS)
* Isracard
* JETCO
* LankaPay
* Link
* MEPS
* MEPS+
* MITR ATM Sharing Network
* MNET
* MyClear
* National Financial Switch
* Nationlink
* NETS
* PRIMA/ATM BCA
* RuPay
* Saudi Payments Network
* Shetab Banking System
* SLIPS
* The Benefit Company
* Treats/ATM BNI
* UnionPay
* Yucho

Europe|

* 4B
* Allied Irish Banks Banklink
* Bancomat
* Eufiserv
* Euro 6000
* Euronet Worldwide
* Girocard
* Bankcard-Servicenetz
* Cash Group
* CashPool
* Groupement des Cartes Bancaires CB
* LINK
* Multibanco
* Otto.
* Sbercard
* Servired
* Single Euro Payments Area
* Vocalink
* Zolotaya Korona

North America|

* Abby
* Accel/The Exchange
* Acculink
* Alberta Regional Network
* Allpoint
* Armed Forces Financial Network
* ATH
* CarIFS
* CO-OP Financial Services
* Discover Network
* Pulse
* TYME
* FIS's
* NYCE
* SUM
* Interac
* Interlink
* Jeanie
* MoneyPass
* Presto!
* SHAZAM
* STAR
* Alert
* BankMate
* Cactus
* Cash Station
* Explore
* Honor
* Money Access Center
* Via
* MOST

Oceania|

* EFTPOS

South America|

* Banco 24 Horas
* Banelco
* A Toda Hora
* Banred
* GlobalNet
* Redbanc
* Suiche7B

* Book
* Category

0.00

(0 votes)

Original source: https://en.wikipedia.org/wiki/Girocard. Read more

|

Retrieved from "https://handwiki.org/wiki/index.php?title=Girocard&oldid=266721"
*[v]: View this template
*[t]: Discuss this template
*[e]: Edit this template