3 ms·
> I don't believe MasterCard and Visa are forcing anyone's hand, but they obviously give better deals to card issuers that don't co-brand their card with the do
by kuschku 4y ago
> I don't believe MasterCard and Visa are forcing anyone's hand, but they obviously give better deals to card issuers that don't co-brand their card with the domestic payment network.
MasterCard has banned any and all co-branding with domestic payment networks, starting 2023-01-01. Which is why many banks are now forced to abandon Girocard, or are switching to Visa.
- hocuspocus 4y agoDo you have a source? Is it specific to Germany? Because that doesn't seem true everywhere, see in France for instance: https://www.fortuneo.fr/compte-bancaire/carte-gold-mastercard https://www.fortuneo.fr/compte-bancaire/carte-gold-mastercar... It's still co-branded CB.
- kuschku 4y agoSee https://www.handelsblatt.com/finanzen/banken-versicherungen/banken/mastercard-nach-maestro-aus-wie-sparkassen-und-volksbanken-auslandszahlungen-mit-girocards-sicherstellen-wollen/28133376.html https://www.handelsblatt.com/finanzen/banken-versicherungen/... It's been delayed a bit, but MasterCard will not support any co-branded cards after summer 2023.
- hocuspocus 4y agoDoesn't this article say precisely the opposite? I.e. German banks are able to issue Girocards co-branded MasterCard debit. Maestro is on the way out but that's old news, and already a reality in most of Europe.
- kuschku 4y agoIf that's actually the case, that would be great, but from what other media, including Zeit report, this change actually leads to bank phasing out Girocard entirely, instead of co-branding with Mastercard debit.