Frankfurt am Main, June 20, 2023: Over 100 million girocards are in the wallets of people in Germany. These cards often also bear a Maestro acceptance symbol. The symbol stands for an additional function, known as a co-badge. This function ensures that money can also be withdrawn and card with the card outside the girocard system, e.g. abroad. The issuance of new cards with the Maestro function will now end on June 30. What does this mean for customers who currently have a girocard with the Maestro function?
Matthias Hönisch, card expert at the National Association of Raiffeisenbanken Volksbanken Raiffeisenbanken on behalf of the Germany Banking Industry Committee: "Nothing will change for customers. They can card with their card until it expires. Then, as in previous years, they will receive a new solution when they replace their card as usual. The new girocards will usually feature a different acceptance symbol, such as Debit Mastercard, V Pay, or Visa Debit. Alternatively, a second card will be issued card account.
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About girocard:
Banks and Sparkassen Germany have issued around 100 million girocards. The "girocard" brand represents the German Banking Industry Committee's overarching framework for its two proven debit card payment systems: the girocard system (formerly "electronic cash") as a debit card payment system and the "German ATM system." By using a personal identification number (PIN), the Germany Banking Industry Committee guarantees that girocard can the Germany Banking Industry Committee be used securely and easily. The name and logo girocard were introduced by the German Banking Industry Committee in 2007.
About EURO Kartensysteme:
As a joint venture of the German banking industry, EURO Kartensysteme GmbH performs tasks in the common interest of German banks and Sparkassen the area of card-based payment services. As scheme manager, EURO Kartensysteme GmbH bundles core competencies in the girocard system. Its tasks include product management, sales, and scheme administration, as well as marketing and PR for girocard. The company's range of services also includes the development of operational security standards and methods for combating fraud, as well as Mastercard license management.
Contact us
EURO Kartensysteme GmbH
Lisa Werner / Jessica Henke
Communication and Marketing
Tel.: +49 (0)69 / 97945-4853
Fax: +49 (0)69 / 97945-4847
presse@eurokartensysteme.de
