Visa Electron
Swedish Visa Electron card
Product type	Debit card
Owner	Visa Inc.
Introduced	1985; 35 years ago
Related brands	Visa Debit
Markets	Worldwide
Tagline	'Always on'
Website	www.visa.com

Visa Electron is a debit card product that uses the Visapayment system. It is offered by issuing banks in every country with the exception of Canada, Australia, Ireland and the United States.^[1] The difference between Visa Electron and Visa Debit, a similar product, is that payments with Visa Electron require that all the funds be available at the time of transfer, i.e., Visa Electron card accounts may not normally be overdrawn. Visa Debit cards, on the other hand, typically allow transfers exceeding available funds up to a certain limit. For that reason, Visa Electron cards are more commonly issued to younger customers or customers that have poor credit.^[2]^[3] Some online stores and all offline terminals do not support Visa Electron because their systems cannot check for the availability of funds. In addition to point of sale debit payments, the card also allows the holder to withdraw cash from automated teller machines (ATMs) using the Plusinterbank network.

Feb 03, 2012 The difference between Visa Electron and Visa Debit is that payments with Visa Electron require that all the funds be available at the time of the transfer (i.e., Visa Electron card accounts cannot be overdrawn). As a comparison, Visa Debit cards allow transfers of unavailable funds below a. A Visa Electron credit card does not allow charges that exceed the card's credit limit. Because of the restrictions on the Visa Electron, it is popular with students and people who have trouble getting credit cards. Banks are sometimes willing to issue Visa Electron cards to people who do not qualify for standard Visa cards. The Visa Electron.

Visa Electron debit cards are issued by Bahrain Islamic Bank,^[4]Raiffeisen Bank^[5] and HSBC,^[2] for example. In 2001, Banque Misr began offering the cards.^[6]

Many banks have migrated away from Visa Electron and instead issue Visa Debit cards and Visa Electron issuance is declining.^[7]^[8]^[9]

Design[edit]

A Visa Electron logo, usually on the bottom right. Most Visa Electron cards do not have the dove hologram as on Visa credit and debit cards, but a few banks do include it.

https://evercases.amebaownd.com/posts/16894640. The card number and validity as well as cardholder name are printed rather than embossed, thus the card cannot be used in a card imprinter – for card-present transactions the card requires a reader of magnetic stripe cards, EMV reader or contactless payment terminal.

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References[edit]

^'Payment methods per country'(PDF). Computop.
^ ^a^b'Visa Electron Card: The ideal card to manage your budget, with no risk of exceeding your balance'. HSBC.
^Leonard, Tim (12 March 2018). 'Cash cards and debit cards explained'. MoneyFacts.
^'vevo Youth Saving Account'. Bahrain Islamic Bank.
^'VISA Electron'. Raiffeisen Bank.
^'Misr Bank Steps to issue Visa Electron debit card'. Al Bawaba. 3 October 2001.
^Howard, Bob (15 May 2004). 'Visa Electron cards to be phased out'. BBC News.
^'Maestro, Electron give way to MasterCard, Visa in Europe'. ATM Marketplace. 10 November 2017.
^ROLFE, ALEX (10 November 2017). 'Card issuers upgrade from Maestro and Electron to Mastercard and Visa'. Payments Cards & Mobile.

Retrieved from 'https://en.wikipedia.org/w/index.php?title=Visa_Electron&oldid=928558326'

Visa Debit
Product type	Debit card
Owner	Visa Inc.
Country	United States
Related brands	Visa Electron
Markets	Worldwide
Tagline	'Everywhere You Want To Be'
Website	www.visa.com

Visa Debit is a major brand of debit card issued by Visa in many countries around the world. Numerous banks and financial institutions issue Visa Debit cards to their customers for access to their bank accounts. In many countries the Visa Debit functionality is often incorporated on the same plastic card that allows access to ATM and any domestic networks like EFTPOS or Interac.

1Usage

Usage[edit]

In many countries the Visa Debit functionality has been added to existing ATM cards to allow customers to use the card for internet and point of sales transactions.

Canada[edit]

In Canada, virtually all domestic debit card transactions are processed over the Interac network, though several financial institutions have also permitted PIN-based ATM transactions internationally over the Visa-owned Plus network. However, Interac's dominance has left little room for alternative debit networks such as Visa or MasterCard to be used for domestic transactions.

Several Canadian financial institutions that primarily offer credit cards through the Visa network – including CIBC, RBC, Scotiabank, and TD – currently offer Visa Debit, either through a dual-network co-branded card which also works on Interac (CIBC, Scotia and TD),^[1]^[2]^[3] or as a 'virtual' card used alongside the customer's existing Interac debit card (RBC).^[4] Both options ensure customers can perform point-of-sale transactions or ATM withdrawals as usual via Interac, but use the Visa network to process online, phone, and international transactions, none of which are well-supported by Interac. (The latter does have its own online payment service, Interac Online, which co-branded Visa cards are not eligible for.)

Visa Delta Or Visa Electron

For the dual-network cards, in-person transactions within 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.^[1]^[2] (However, Canadian retailers must specifically allow for Visa Debit transactions, even if they already accept Visa credit cards.)^[5] 'Virtual Visa Debit' works similarly; customers use their existing Interac debit cards for in-person transactions (and Interac Online) in Canada, but are also provided with a secondary 'virtual' Visa card (i.e. card number, expiry, and CVV2) which can be used for online and phone transactions (but not point-of-sale, in Canada or internationally).^[4]

Although Visa floated the prospect of competing directly with Interac in regards to point-of-sale transactions in 2009,^[6] there has been no indication since 2010 that it is continuing to pursue this option.

Germany[edit]

A Visa credit card issued by ING-DiBa. The logo and BIN (454617) identify this card as a credit card although it is linked to a checking account (Girokonto).

Germany's banking industry strong

Visa Vs Visa Electron