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108-638: The card is able to be loaded with "e-purse" value, similar to a debit card , and monthly passes. Cards are sold and reloaded at participating grocery stores, customer service centers, and ticket vending machines at transit stations. ORCA cards offer free transfers between transit systems within a two-hour window. In 2018, the Central Puget Sound Regional Transit Authority ( Sound Transit ) contracted INIT (Innovations in Transportation, Inc.) to replace

216-536: A reader at the point-of-sale terminal . Contactless payments are made in close physical proximity, unlike other types of mobile payments which use broad-area cellular or Wi-Fi networks and do not involve close physical proximity. EMV (abbreviation for Europay , Mastercard , and Visa ) is a common standard used by major credit card and smartphone companies for use in general commerce. Contactless smart cards that function as stored-value cards are becoming popular for use as transit system farecards , such as

324-451: A 13.56Mhz radio frequency technology that only transmits digital data within a concise range. Typically the optimum distance is 4 centimetres or less - beyond, the signal is rapidly decreasing and can never exceed 10 centimetres. In 2006 security researchers found that the cardholder's name, credit card number, and expiration date may be transmitted by contactless payment cards without encryption. They were able to use information leaked from

432-613: A NFC chip to make transactions. The major debit card flags in Brazil are Visa (with Electron cards ), Mastercard (with Maestro cards ), and Elo . The tap to pay technology has been quite popular in Brazil, you won't need to insert your card with a smart chip and put your password, you just need to approximate the card at the credit card machine, it works for debit and credit cards. Some virtual wallets like Samsung Pay , Google Pay and Apple Pay can be used on time of purchase, you just need to approximate your mobile phone or watch at

540-693: A bank account, for maintenance costs. The most common cards in Bulgaria are contactless (and Chip&PIN or Magnetic stripe and PIN) with the brands of Debit Mastercard and Visa Debit (the most common were Maestro and Visa Electron some years ago). All POS terminals and ATMs accept Visa, Visa Electron, Visa Debit, VPay, Mastercard, Debit Mastercard, Maestro and Bcard. Also some POS terminals and ATMs accept Discover, American Express, Diners Club, JCB and UnionPay. Almost all POS terminals in Bulgaria support contactless payments. Credit cards are also common in Bulgaria. Paying with smartphones/smartwatches at POS terminals

648-469: A bank account. Usually, it is free to use debit cards on national and EU ATMs even if they aren't owned by the issuing bank. Since 2019, a few banks charge a 50ct cost when using ATMs who are not owned by the issuing bank. The debit cards in Belgium are branded with the logo of the national Bancontact system and also with an international debit system, Maestro (for the moment there aren't any banks who issue

756-508: A contactless credit card to make a purchase online, without opening the envelope in which the card was sent. Depending on the economic space, there may be a payment limit on single transactions without the need to input the PIN, and some contactless cards can only be used a certain number of times before customers are asked for their PIN. Contactless debit and credit transactions use the same chip and PIN network as older cards and are protected by

864-494: A conventional cash , credit, or debit card purchase. Because no signature or PIN verification is typically required, contactless purchases are usually limited to small value sales. Lack of authentication provides a window during which fraudulent purchases can be made while the card owner is unaware of the card's loss. Major financial institutions and multinational corporations now offer contactless payment systems to customers as contactless credit cards have become widespread in

972-420: A credit card bill or going into debt, the opportunity for anyone over the age of 18 to apply and be accepted without checks on creditworthiness, and the option to deposit paychecks and government benefits directly onto the card for free. A newer advantage is the use of EMV technology and even contactless functionality, which had previously been limited to bank debit cards and credit cards. Prepaid cards vary by

1080-448: A credit card since the money will not immediately leave their control. Fraudulent charges on a debit card can also cause problems with a checking account because the money is withdrawn immediately and may thus result in an overdraft or bounced checks . In some cases, debit card-issuing banks will promptly refund any disputed charges until the matter can be settled, and in some jurisdictions, the consumer's liability for unauthorized charges

1188-641: A credit card transaction (for example, credit not accessible due to being over one's credit limit ). This is especially true in the United States, where check fraud is a crime in every state but exceeding one's credit limit is not. Debit cards may also be used on the Internet, either with or without using a PIN. Internet transactions may be conducted in either online or offline mode. Shops accepting online-only cards are rare in some countries (such as Sweden), while they are common in other countries (such as

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1296-682: A credit card was accepted, were first introduced in Canada by Saskatchewan Credit Unions in 1982. In the early 1990s, pilot projects were conducted among Canada's six largest banks to gauge security, accuracy and feasibility of the Interac system. Slowly in the later half of the 1990s, it was estimated that approximately 50% of retailers offered Interac as a source of payment. Retailers, many small transaction retailers like coffee shops, resisted offering IDP to promote faster service. In 2009, 99% of retailers offer IDP as an alternative payment form. In Canada,

1404-414: A debit transaction as occurring in real time: the money is withdrawn from their account immediately after the authorization request from the merchant. In many countries, this is correct for online debit purchases. However, when a purchase is made using the "credit" (offline debit) option, the transaction merely places an authorization hold on the customer's account; funds are not actually withdrawn until

1512-473: A flat annual cost per employee and each receives an ORCA card that covers almost all transit services in the Puget Sound, including Vanpool. Employers must cover all employees. The ORCA Business Choice allows businesses to add funds to employee ORCA cards on a monthly basis in the form of an E-voucher. The E-voucher can be used to purchase a monthly PugetPass or E-purse value. Any unused E-voucher amount at

1620-587: A later update. The machines' noise was also reduced, which drew criticism from passengers and was later corrected. The new, black-colored cards debuted in October 2022 as part of a retail rollout following a short beta test period. On June 24, 2024, virtual ORCA cards were made available for Google Wallet users with full support across the system's member agencies. Additional smartphone and contactless credit card compatibility had also been announced for 2023, but these features were delayed due to system issues with

1728-578: A launch timeline as follows: The ORCA name refers to orca whales that inhabit the Puget Sound. The name was originally suggested by the Sound Transit project manager as in keeping with a theme of successful earlier smart card system names such as Oyster (in London) and Octopus (in Hong Kong), but the name was not accepted by the project joint board until the acronym "One Regional Card for All"

1836-424: A location-based special offer service and a search function that directed customers to the best deals within their vicinity. The 3Citi wallet was compatible with a wide range of designated smartphones, from Samsung, Sony, HTC, LG and iPhone. Over 9,000 Visa payWave readers across Hong Kong were able to accept contactless payments on Day 1. In February 2014, Mastercard announced that it would partner with Weve, which

1944-607: A message to the cardholder's bank to withdraw funds from the cardholder's designated bank account. In some cases, the payment card number is assigned exclusively for use on the Internet, and there is no physical card. This is referred to as a virtual card . In many countries, the use of debit cards has become so widespread that they have overtaken checks in volume or have entirely replaced them; in some instances, debit cards have also largely replaced cash transactions. The development of debit cards, unlike credit cards and charge cards , has generally been country-specific, resulting in

2052-583: A new website and app in May 2022. Central Puget Sound transit agencies have collaborated in a region-wide fare system since 1991 with the introduction of U-PASS and later FlexPass. In 1996, voters approved Sound Move, which called for an integrated regional fare policy for a "one-ticket ride". That goal led to the creation of the PugetPass in 1999, which allowed transit riders to use a single pass for five transit agencies. On April 29, 2003, an agreement to implement

2160-1031: A number of different circumstances. The five major debit card networks are UnionPay , American Express , Discover , Mastercard , and Visa . Other card networks are STAR , JCB , Pulse , etc. There are many types of debit cards, each accepted only within a particular country or region; for example, Switch (since merged with Maestro) and Solo in the United Kingdom; Interac in Canada; Carte Bleue in France; EC electronic cash (formerly Eurocheque ) in Germany; Bancomat/PagoBancomat in Italy; UnionPay in China; RuPay in India; and EFTPOS cards in Australia and New Zealand. The need for cross-border compatibility and

2268-511: A number of different systems around the world that are often incompatible. Since the mid-2000s, a number of initiatives have allowed debit cards issued in one country to be used in other countries and allowed their use for internet and phone purchases. Debit cards usually also allow an instant withdrawal of cash, acting as an ATM card for this purpose. Merchants may also offer cashback facilities to customers so that they can withdraw cash along with their purchase. There are usually daily limits on

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2376-408: A phone call or trip to the branch to reactivate with a new PIN, the card being cut up by the merchant, or in the case of an ATM, being kept inside the machine, both of which require a new card to be ordered. Generally credit card transaction costs are borne by the merchant with no fee applied to the end user (although a direct consumer surcharge of 0.5–3% is not uncommon) while EFTPOS transactions cost

2484-668: A regular basis using a Visa or MasterCard . Examples of autoloads are adding value to an E-purse when its balance falls below a certain amount and recurring purchases of monthly passes. A myORCA account can be created on the ORCA website to monitor and manage ORCA cards. The account lets the user view transportation products stored on their card (E-purse balance, validity period of passes), transaction history, purchase additional ORCA cards for others, set up an Autoload, set fare presets, and report lost, stolen, or damaged cards. The ORCA LIFT program discounts fares to $ 1.00 per ride for users of

2592-506: A service that costs $ 3.75 would have $ 2.50 covered by the PugetPass and $ 1.25 would be deducted from their E-Purse). Washington State Ferries does not accept the PugetPass. Pass values available range from 50¢ to $ 5.75 in 25¢ increments; there is also a $ 10.00 value pass. Passes are priced at $ 36 per $ 1 of fare value. This pass costs $ 8 or $ 4.50 (senior/disabled and youth only) and cover up to $ 3.50 or $ 1.75 (senior/disabled and youth only) of fare value per trip on any transit service that honours

2700-463: A small scale, but every month an increasing number of mobile phones are certified. In 2012, Mastercard Advisors wrote that consumers are likely to spend more money using their cards due to the ease of small transactions. Mastercard Canada says it has seen "about 25 percent" higher spending by users of its Mastercard Contactless-brand RFID credit cards. As of December 2014 , there were approximately 58 million contactless-enabled cards in use in

2808-523: A smart card system between the seven agencies in the Central Puget Sound Regional Fare Coordination Project (Sound Transit, King County Metro, Community Transit, Everett Transit, Pierce Transit, Kitsap Transit, and Washington State Ferries) was signed along with a $ 43 million contract awarded to ERG Transit Systems (now Vix Technology ) as the vendor and system integrator of the project. The ORCA card

2916-471: A state driver's license or DMV ID card) in the case of Oakland or in conjunction with a prepaid transit pass (in Chicago). These cards have been heavily criticized for their higher-than-average fees, such as excessive flat fees added onto every purchase made with the card. The U.S. federal government uses prepaid debit cards to make benefit payments to people who do not have bank accounts. In July 2013,

3024-494: A temporary virtual card number that works just in 48 hours, according to Itaú , you can use it to buy on unknown websites for safety reasons, because in the case of a data leak, the credit card number that was leaked wouldn't work. In Bulgaria, debit cards are accepted in almost all stores and shops, as well as in most of the hotels and restaurants in the bigger cities. Smaller restaurants or small shops often accept cash only. All Bulgarian banks can provide debit cards when you open

3132-559: A test conducted from October 2005 to November 2006 with 27 users, on 21 May 2010, the transport authority of Nice Régie Lignes d'Azur was the first public transport provider in Europe to add definitely to its own offer a contactless payment on its tramways and bus network either with a NFC bank card or smartphone application notably on Samsung Player One (with the same mobile phone operators than in Caen and Strasbourg in 2007), as well as

3240-547: A two-hour transfer from the time fare is paid. If an E-purse or regional pass was used to pay fare, transfers are allowed on any bus or rail system in the region. If an agency pass was used, transfers are allowed only on services within that agency. Transfers are stored on the card and automatically calculated for the user. Transfers are not given or accepted on Washington State Ferries. ORCA card users paying with an E-purse can set their zone preference for King County Metro and Sound Transit services. Since July 2018, King County Metro

3348-406: Is $ 5. The maximum value that can be stored in an E-purse is $ 400. PugetPass is a regional monthly pass that lets passengers travel on nearly every transit service in the region for a calendar month. A PugetPass is valid for payment of trip fares up to the value of the pass. Trip fares above the value of the pass may be paid with E-purse value. (Example: a passenger who has a $ 2.50 PugetPass and rides

ORCA card - Misplaced Pages Continue

3456-573: Is a joint venture between EE , O2 , and Vodafone UK , to focus on mobile payments. The partnership will promote the development of "contactless mobile payment systems" by creating a universal platform in Europe for it. On 9 September 2014, Apple Inc. announced Apple Pay , a proprietary form of contactless payment integrated with its smartphones, with the release of the iPhone 6 . In September 2014, Transport for London 's Tube began accepting contactless payment. The number of completed contactless journeys has now exceeded 300m. On Friday 18 December,

3564-556: Is also getting common. Canada has a nationwide EFTPOS system, called Interac Direct Payment (IDP). Since being introduced in 1994, IDP has become the most popular payment method in the country. Previously, debit cards have been in use for ABM usage since the late 1970s, with credit unions in Saskatchewan and Alberta introducing the first card-based, networked ATMs beginning in June 1977. Debit cards, which could be used anywhere

3672-528: Is an application for devices running Google's Android OS, which allows users to make purchases using NFC , which initially required a physical secure element but this was replaced by host card emulation which was introduced in Android 4.4 ( KitKat ). Softcard (formerly known as Isis mobile wallet), Cityzi and Quick Tap wallets for example, use a secure SIM card to store encrypted personal information. Contactless payments with enabled mobile phones still occur on

3780-527: Is easier than EMV contactless payment system. So, EMV Contactless cards are not yet common in South Korea. In addition, public transportation fares in South Korea cannot be paid with credit or debit cards, so they must be paid separately in cash. Therefore, the EMV contactless payment system is not applicable, and this is causing inconvenience to foreigners in using South Korea's public transportation, such as

3888-634: Is managed by the Central Puget Sound Regional Fare Coordination System, a joint board of directors with representatives of all member transit agencies. Day-to-day management is provided by the staff of Sound Transit and King County Metro. The system is centrally operated by Vix Technology. An ORCA card can be used as a stored-value card through a function called the electronic purse (E-purse). The E-purse holds value that can be used like cash to pay fare. The minimum value that can be added to an E-purse

3996-487: Is single-zone only. Balance protection protects the user from losing any value on the card when it is lost or stolen. A replacement card is issued with its value restored for the cost of a new card if the card is registered. Since July 2022, ORCA cards allow for a negative balance of up to $ 2.75 owed to allow users to continue traveling until they can reach a usable vending machine or reloading station. An Autoload automatically adds transportation products to an ORCA card on

4104-664: Is sometimes, but not always, indicated on the receipt), and this has nothing to do with whether the transaction was conducted in online or offline mode, since both credit and debit transactions may be conducted in both modes. In some countries, banks tend to levy a small fee for each debit card transaction. In other countries (for example, New Zealand and the UK) the merchants bear all the costs and customers are not charged. There are many people who routinely use debit cards for all transactions, no matter how small. Some (small) retailers refuse to accept debit cards for small transactions, where paying

4212-520: Is the necessity of an electronic authorization device at the point of sale (POS) and sometimes also a separate PINpad to enter the PIN, although this is becoming commonplace for all card transactions in many countries. Overall, the online debit card is generally viewed as superior to the offline debit card because of its more secure authentication system and live status, which alleviates problems with processing lag on transactions that may only issue online debit cards. Some online debit systems are using

4320-418: Is the same for both debit and credit cards. In 2010, Bank of America announced that "it was doing away with overdraft fees for debit card purchases." In some countries, such as India and Sweden, consumer protection is the same regardless of the network used. Some banks set minimum and maximum purchase sizes, mostly for online-only cards. However, this has nothing to do with the card networks but rather with

4428-479: Is to prevent fraudulent activities and protect the card holder. If customers want to use card swipe magnet strips aboard and internationally, they will have to activate and enable international card usage. Debit cards and secured credit cards are popular among college students who have not yet established a credit history. Debit cards may also be used by expatriate workers to send money home to their families holding an affiliated debit card. The consumer perceives

ORCA card - Misplaced Pages Continue

4536-446: Is typically required, contactless purchases are often limited to a maximum amount per transaction, known as a Cardholder Verification Limit (CVM limit). Limits vary between banks. For transactions over the defined CVM limit a verification is usually required (e.g. PIN, signature, or biometric authentication). Transactions under the floor limit , in addition to not requiring consumer authentication, are also accepted without sending

4644-744: Is used in Seoul after its introduction in South Korea by the discount retailer Homeplus in March 2010 and in Tokyo it is tested then adopted or added to the existing systems, like the mobile wallet Osaifu-Keitai , from May 2010 to end of 2012. The NFC standard is implemented for the first time in a metro network, by China Unicom in Beijing on 31 December 2010. In October 2011, the first mobile phones with Mastercard PayPass and/or Visa payWave certification appeared. A PayPass or payWave account can be assigned to

4752-494: Is used in transports for the first time in the world by China Unicom and Yucheng Transportation Card with Changhong DG28 and F4 mobile phones in the tramways and bus of Chongqing in China. In January 2010, Barclaycard partnered with mobile phone firm Orange , to launch a contactless credit card in the UK. Orange and Barclaycard also announced in 2009 that they would be launching a mobile phone with contactless technology. After

4860-703: The Association of Government Accountants released a report on government use of prepaid cards, concluding that such programs offer a number of advantages to governments and those who receive payments on a prepaid card rather than by check. The prepaid card programs benefit payments largely for the cost savings they offer and provide easier access to cash for recipients, as well as increased security. The report also advises that governments should consider replacing any remaining cheque -based payments with prepaid card programs in order to realize substantial savings for taxpayers as well as benefits for payees. In January 2016,

4968-534: The COVID-19 pandemic , several banks raised their contactless payment limits. In the United Kingdom, the limit was increased from £30 to £45 in March 2020. Contactless payments were recommended as a safer payment method compared to Chip and PIN card payments and cash transactions. It was later raised to £100. In 2022, Apple Inc. announced Tap to Pay, a feature which allows merchants to use iPhone devices as payment terminals for contactless cards. Google Pay

5076-505: The Interac network. Contactless payment Contactless payment systems are credit cards and debit cards , key fobs , smart cards , or other devices, including smartphones and other mobile devices , that use radio-frequency identification (RFID) or near-field communication (NFC) for making secure payments. The embedded integrated circuit chip and antenna enable consumers to wave their card, fob, or handheld device over

5184-530: The Osaifu-Keitai ( おサイフケータイ ) system (literal translation: " wallet-phone ") developed with the mobile phone operator NTT DoCoMo on multiple FeliCa systems such as Edy and, on 28 January 2006, on Mobile Suica used primarily on the railway networks owned by JR East . In May 2005, after some experimentation in the Netherlands, the contactless deferred payment at the end of each month, after

5292-487: The Oyster card (London, UK) or RioCard (Rio de Janeiro, Brazil). These can often store non-currency value (such as monthly passes), in additional to fare value purchased with cash or electronic payment. Tokenisation is a newer concept of encapsulating a card issuer's details within a hardware device application such as via Apple Pay app on iPhones . Some suppliers claim that transactions can be almost twice as fast as

5400-528: The V-Pay or Visa Electron cards even if they are widely accepted), the Maestro system is used mostly for payments in other countries, but a few national card payment services use the Maestro system. Some banks also offer Visa and MasterCard debit cards but these are mostly online banks. In Brazil debit cards are called cartão de débito (singular) or cartões de débito (plural) and became popular in 2008. In 2013,

5508-485: The 100 millionth Brazilian debit card was issued. Debit cards replaced cheques , common until the first decade of the 2000s. Today, the majority of the financial transactions (like buying food at a supermarket), are made using debit cards (and this system is quickly replacing cash payments in Brazil). Nowadays, the majority of debit card payments are processed using a card + PIN combination, and almost every card comes with

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5616-739: The Cofinoga shops ( Galeries Lafayette , Monoprix ) and Vinci parkings. For the first time, thanks to "Fly Tag", the system allowed to receive as well audiovisual informations, like bus timetables or cinema trailers from the concerned services. In June 2007, the payment with a contactless bank card was tested at the FNAC of La Défense in Paris and from 19 November 2007 to 2009 in some shops of Caen and Strasbourg , this time with smartphones NFC, provided by four operators (Orange, Bouygues Telecom , SFR and NRJ Mobile ). On 5 November 2007, Orange and

5724-574: The Kuwaiti KNET . Bangladesh launched its first domestic card scheme, "Taka Pay" on 1 November 2023. Until now banks were dependent on international card schemes such as Visa , Mastercard , UnionPay etc. From the launching day 3 banks are issuing "Taka Pay" card. Those banks are: Sonali Bank PLC , BRAC Bank PLC and The City Bank Limited . 5 banks ( Dutch Bangla Bank Limited , Estern Bank PLC , Islami Bank Bangladesh PLC , Mutual Trust Bank Limited and United Commercial Bank PLC ) have joined

5832-547: The Netherlands). For a comparison, PayPal offers the customer to use an online-only Maestro card if the customer enters a Dutch address of residence, but not if the same customer enters a Swedish address of residence. Internet purchases can be authenticated by the consumer entering their PIN if the merchant has enabled a secure online PIN pad, in which case the transaction is conducted in debit mode. Otherwise, transactions may be conducted in either credit or debit mode (which

5940-407: The Netherlands. Prepaid debit cards are reloadable and can also be called reloadable debit cards. The primary market for prepaid debit cards has historically been unbanked people; that is, people who do not use banks or credit unions for their financial transactions. Advantages of prepaid debit cards include being safer than carrying cash, worldwide acceptance, not having to worry about paying

6048-484: The ORCA card earning less than 200 percent of the federal poverty level. A new ORCA card costs $ 3; prior to May 2022, this fee was $ 5, one of the highest prices for a public transportation smart card in the United States. The King County Council has requested a study on the impact of either eliminating the $ 5 fee or adding $ 5 in value to all newly purchased cards. The report will be due in February 2017. The $ 5 fee

6156-480: The ORCA system began on April 20, 2009, which allowed remaining technical issues in the system to be resolved. An extensive rollout and public outreach campaign followed in June 2009. Blank cards were available at no charge during the introductory period, which lasted until March 1; from then on, the card cost $ 5 ($ 3 for reduced fare permit holders). Users of PugetPasses, FlexPasses, and other passes were to be gradually transitioned to ORCA. The ORCA launch press kit gave

6264-399: The PugetPass within 24 hours of first boarding. An agency pass covers rides on a specific transit agency's service. Examples include Washington State Ferries' monthly passes, Metro ACCESS paratransit passes, and Metro vanpool passes. Employers may purchase one of two products for their employees: The ORCA Business Passport is comprehensive, annual transportation pass program. Employers pay

6372-529: The South Korean subway. There are three main standard usages for contactless payments adopted throughout payment terminals with the EMV standard. EMV Chip On issued bank cards a smart chip or cryptographic chip is placed on the card known as a smart card which allows wireless payments to be made from the EMV chip in range of a payment terminal using RFID technology following the EMV Co standard. When

6480-408: The U.S. and U.K. In South Korea , unlike major countries such as the United States, United Kingdom, EU countries, Australia, New Zealand, Japan, and Malaysia, EMV contactless payment system infrastructure is severely lacking. In South Korea, unlike other major countries, MST payment, which involves inserting a card into a terminal, is still popular. So there is a risk that card cloning through contact

6588-492: The U.S., UK, Japan, Germany, Canada, Australia, France, the Netherlands, etc., as consumers are likely to spend more money using their cards due to the ease of small transactions. With contactless cards growing in numbers and percentages of adoption, the number of payments by this method had increased significantly since the spending limit was raised. Purchases made by card now surpass those made by cash and account for approximately one-third of all card transactions in countries like

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6696-686: The UK government introduced a requirement for banks to offer fee-free basic bank accounts for all, which had a significant impact on the prepaid industry, including the departure of a number of firms. Consumer protections vary depending on the network used. Visa and MasterCard, for instance, prohibit minimum and maximum purchase sizes, surcharges, and arbitrary security procedures on the part of merchants. Merchants are usually charged higher transaction fees for credit transactions since debit network transactions are less likely to be fraudulent. This may lead them to "steer" customers toward debit transactions. Consumers disputing charges may find it easier to do so with

6804-652: The UK, Pinpas cards in the Netherlands, Bancontact cards in Belgium, etc.). The use of a debit card system allows operators to package their products more effectively while monitoring customer spending. Online debit cards require electronic authorization of every transaction, and the debits are reflected in the user's account immediately. The transaction may be additionally secured with the personal identification number (PIN) authentication system; some online cards require such authentication for every transaction, essentially becoming enhanced automatic teller machine (ATM) cards . One difficulty with using online debit cards

6912-454: The UK, and over 147,000 terminals in use. By June 2017 purchases made by card surpassed those made by cash. This was reported to have been driven by the rise in contactless payments, which accounted for approximately one third of all card transactions in the UK. The number of payments by this method had increased significantly since the spending limit was raised from £20 to £30. In 2018, contactless payments made up around 19% of transactions in

7020-601: The UK. In 2018, the Westpac Banking Corporation in Australia revealed contactless payment statistics from 2017 and claimed in the report that contactless payments approached saturation point by being used in over 90% of purchases. The Australian St.George Bank reported 94.6% usage for the same period. Recent statements by Visa and other US card issuers indicate that they will increase the availability of contactless cards to US consumers. Visa estimates there will be 300 million contactless cards issued in

7128-464: The UK. Contactless payments specifically have become increasingly popular, accounting for 4 out of 5 point-of-sale credit card purchases in Australia as of 2019. Card issuers indicate that they will increase the availability of contactless cards to consumers. As of October 2021 there are over 142 million contactless-enabled cards and over 147,000 terminals in use in the UK alone. Visa estimated that there would be 300 million contactless cards issued in

7236-922: The US by the end of 2020, up from the predicted 100 million at the end of 2019 as announced on its 2018 Q4 earnings call. Telecom operators are starting to get involved in contactless payments via the use of NFC-enabled phones. Belgacom 's Pingping , for example, has a stored value account and via a partnership with Alcatel-Lucent 's Touchatag provides contactless payment functionalities. Major financial entities now offering contactless payment systems include Mastercard , China UnionPay , Citibank , JPMorgan Chase , American Express , KeyBank , Barclays , Barclaycard , HSBC , Lloyds Banking Group , FreedomPay , RuPay , The Co-operative Bank , Nationwide Building Society and NatWest Group . Visa payWave , Mastercard Contactless , and American Express Expresspay are examples of contactless credit cards which have become widespread in

7344-423: The US by the end of 2020, up from the predicted 100 million at the end of 2019. Mobil was one of the most notable early adopters of a similar technology, and offered their " Speedpass " contactless payment system for participating Mobil gas stations as early as 1997. Although Mobil has since merged with Exxon , the service is still offered at many of ExxonMobil 's stations. Freedompay also had early wins in

7452-481: The ability of banks, who typically provide merchant services to retailers on behalf of Visa or MasterCard, from stopping those retailers charging extra fees to take payment by credit card instead of cash or EFTPOS. In Bahrain debit cards are under Benefit , the interbanking network for Bahrain. Benefit is also accepted in other countries though, mainly GCC, similar to the Saudi Payments Network and

7560-408: The ability to make payments using RFID technology against a payment terminal on behalf of a smart card using a token generated by the card issuer, a process known as tokenisation . A Device Account Number (DAN) similar to a Private Account Number (PAN) in traditional payment stripe and chip cards, is generated along with a private key and sent to the card issuer during initial setup of the smart card on

7668-597: The absence of other scheme networks. EFTPOS cards can also be used to deposit and withdraw cash over the counter at Australia Post outlets participating in Giro Post and withdrawals without purchase from certain major retailers, just as if the transaction was conducted at a bank branch, even if the bank branch is closed. Electronic transactions in Australia are generally processed via the Telstra Argent and Optus Transact Plus network—which has recently superseded

7776-552: The advent of the euro recently led to many of these card networks (such as Switzerland's "EC direkt", Austria's "Bankomatkasse", and Switch in the United Kingdom) being re-branded with the internationally recognized Maestro logo, which is part of the Mastercard brand. Some debit cards are dual-branded with the logo of the (former) national card as well as Maestro (for example, EC cards in Germany, Switch and Solo in

7884-526: The amount of cash that can be withdrawn. Most debit cards are plastic , but there are cards made of metal and, rarely, wood.   There are currently three ways that debit card transactions are processed: EFTPOS (also known as online debit or PIN debit ), offline debit (also known as signature debit ), and the Electronic Purse Card System . One physical card can include the functions of all three types, so it can be used in

7992-419: The bank's judgment of the person's age and credit records. Any fees that the customers have to pay to the bank are the same regardless of whether the transaction is conducted as a credit or debit transaction, so there is no advantage for the customers to choose one transaction mode over another. Shops may add surcharges to the price of goods or services in accordance with laws allowing them to do so. Banks consider

8100-806: The black market, and even some building sites are known for cash-in-hand payments in the UK, meaning high amounts of money can be unaccounted for. The banks in Angola issue by official regulation only one brand of debit cards: Multicaixa , which is also the brand name of the one and only network of ATMs and POS terminals. ArCa (Armenian Card), a national system of debit (ArCa Debit and ArCa Classic) and credit (ArCa Gold, ArCa Business, ArCA Platinum, ArCa Affinity and ArCa Co-branded) cards popular in Armenia. Established in 2000 by 17 largest Armenian banks. Debit cards in Australia are called different names depending on

8208-582: The busiest single day in 2015, a record 1.24m journeys were completed by over 500k unique contactless cards. In 2016 Erste Group launched an NFC-only debit card implemented as a sticker in Austria. It can be used at any NFC supporting terminal for transactions of unlimited amount however for transactions over the floor limit of €25 a PIN is required to confirm the transaction. In 2016, contactless payments start to become even broader with wearable technology devices also offering this payment feature. During

8316-425: The card and keying in a PIN as with swiping the magnetic stripe. Debit cards are similar to a credit card , but the money for the purchase must be in the cardholder's bank account at the time of the purchase and is immediately transferred directly from that account to the merchant's account to pay for the purchase. Some debit cards carry a stored value with which a payment is made (prepaid cards), but most relay

8424-442: The card need no network connectivity) have been in use throughout Europe since the mid-1990s, most notably in Germany ( Geldkarte ), Austria ( Quick Wertkarte ), the Netherlands ( Chipknip ), Belgium ( Proton ), Switzerland (CASH), and France ( Moneo , which is usually carried by a debit card). In Austria and Germany, almost all current bank cards now include electronic purses, whereas the electronic purse has been recently phased out in

8532-431: The cards. Debit card A debit card , also known as a check card or bank card , is a payment card that can be used in place of cash to make purchases. The card usually consists of the bank's name, a card number, the cardholder's name, and an expiration date, on either the front or the back. Many new cards now have a chip on them, which allows people to use their card by touch (contactless), or by inserting

8640-493: The consumer an applicable withdrawal fee charged by their bank. The introduction of Visa and MasterCard debit cards along with regulation in the settlement fees charged by the operators of both EFTPOS and credit cards by the Reserve Bank has seen a continuation in the increasing ubiquity of credit card use among Australians and a general decline in the profile of EFTPOS. However, the regulation of settlement fees also removed

8748-695: The contactless space with Bank of America and McDonald's . In 2002, Philips teamed up with Sony to elaborate the NFC standard. Then Philips Semiconductors applied for the six fundamental patents of NFC, invented by the Austrian and French engineers Franz Amtmann and Philippe Maugars who received the European Inventor Award in 2015. In July 2004, Sony , who had implemented the contactless RFID smart card FeliCa in Japan , introduced

8856-456: The contract. A new website and smartphone app was launched in May 2022 with a weekend-long fare-free period to introduce new validators and card readers. Ticket vending machines for Link light rail were also taken offline for three days as part of the transition. The new website and app allowed for fare management without the previous 24-hour delay. The new card readers and validators initially did not display e-purse balances and pass statues until

8964-503: The convenience of not having to carry cash, and the availability of automated bank machines (ABMs) and direct payment merchants on the network. Debit cards may be considered similar to stored-value cards in that they represent a finite amount of money owed by the card issuer to the holder. They are different in that stored-value cards are generally anonymous and are only usable at the issuer, while debit cards are generally associated with an individual's bank account and can be used anywhere on

9072-479: The credit card machine. Generally the amount you are allowed to pay without a pin is quite low for security, but is really useful for daily things that won't cost too much. Something that appeared recently is a virtual card by some banks (such as Itaú , Bradesco , Mercado Pago and Nubank ) on your internet banking platform. They give you a card number, expiration date and the CVV code to be used online. They also have

9180-547: The debit card is sometimes referred to as a "bank card". It is a client card issued by a bank that provides access to funds and other bank account transactions, such as transferring funds, checking balances, paying bills, etc., as well as point of purchase transactions connected on the Interac network. Since its national launch in 1994, Interac Direct Payment has become so widespread that, as of 2001, more transactions in Canada were completed using debit cards than cash. This popularity may be partially attributable to two main factors:

9288-403: The difference between the two being that EFTPOS transactions are authorized by a personal identification number (PIN) while credit card transactions can additionally be authorized using a contactless payment mechanism (requiring a PIN for purchases over $ 200). If the user fails to enter the correct pin three times, the consequences range from the card being locked out for a minimum 24-hour period,

9396-431: The embedded secure element and/or SIM card within the phones. In October 2013, Citi Enterprise Payments and 3 Hong Kong, the mobile operation of Hutchison Telecommunications Hong Kong Holdings Limited (SEHK: 215), jointly announced the launch of ‘3 Citi Wallet.’ Using Near Field Communication (NFC) technology, the '3 Citi Wallet' was a multi-purpose mobile wallet service that included mobile payment, transaction history,

9504-635: The end of the month is removed from the employee ORCA cards and refunded to the business. Seattle's former Mayor Jenny Durkan proposed free ORCA cards for students enrolled in Seattle Public Schools , it is not clear if current mayor Bruce Harrell supports this proposal. Seattle Public Schools has issued ORCA cards to students previously; the Interagency program provided these to students from low-income families and those who live more than two miles from their school. ORCA cards allow

9612-480: The hardware device. When payments are made via the respective approved application on the hardware device the DAN and relevant details such as expiry date and CVV are sent to the card issuer via a payment terminal for cryptography where the associated private key is then used to authorise the transaction. NFC The near field communication (NFC, compliant with ISO/IEC 14443 standard) technology in contactless cards uses

9720-468: The issuer company: key and niche financial players (sometimes collaborations between businesses); purpose of usage (transit card, beauty gift cards, travel card, health savings card, business, insurance, etc.); and regions. As of 2013, several city governments (including Oakland, California , and Chicago , Illinois ) are now offering prepaid debit cards, either as part of a municipal ID card (for people such as illegal immigrants who are unable to obtain

9828-618: The issuing bank: Commonwealth Bank of Australia : Keycard; Westpac Banking Corporation : Handycard; National Australia Bank : FlexiCard; ANZ Bank : Access card; Bendigo Bank : Easy Money card. A payment in Australia using a debit card can be processed by the local proprietary interbank network called EFTPOS , which is very popular and has been operating there since the 1980s, or it could be processed via an international Card scheme network (ie Visa, Mastercard). Debit cards that were solely EFTPOS-enabled can only be used domestically within Australia and would not be accepted internationally due to

9936-417: The legacy ORCA system with an account-based, open architecture system known as "next generation ORCA". The next-generation ORCA system will offer new payment options including mobile ticketing, maintain customer data security, and provide real-time account management and fare processing so customers can instantly add value to their account at any time. The new system is set to roll out in phases, which began with

10044-471: The normal authentication processes of Internet banking to provide real-time online debit transactions. Offline debit cards have the logos of major credit cards (for example, Visa or Mastercard ). These cards connect straight to a person's bank account, but there is a delay before the money is taken out. Smart-card -based electronic purse systems (in which value is stored on the card chip, not in an externally recorded account, so that machines accepting

10152-556: The old Transcend network in the last few years. Most early keycards were only usable for EFTPOS and at ATM or bank branches, whilst the new debit card system works in the same way as a credit card, except it will only use funds in the specified bank account. This means that, among other advantages, the new system is suitable for electronic purchases without a delay of two to four days for bank-to-bank money transfers. Australia operates both electronic credit card transaction authorization and traditional EFTPOS debit card authorization systems,

10260-535: The purchases to have been made at the moment when the card was swiped, regardless of when the purchase settlement was made. Regardless of which transaction type was used, the purchase may result in an overdraft because the money is considered to have left the account at the moment of the card swipe. According to Singapore's local financial and banking laws and regulations, all Singapore-issued credit and debit cards with Visa or MasterCard swipe magnet strips are disabled by default if used outside of Singapore. The whole idea

10368-556: The registration of the trips aboard with a contactless mobile phone on the client's account, was first experimented in Germany during 6 months on the tramways and bus of Hanau with the Nokia 3220 using the NFC standard of Philips and Sony. In October 2005, the immediate contactless payment was first experimented in France in Caen during 6 months with a Samsung NFC smartphone by Orange in collaboration with Philips Semiconductors in

10476-427: The same fraud guarantees. Where PIN is supported, the contactless part of the card may remain non-functional until a standard chip and PIN transaction has been executed. This provides some verification that the card was delivered to the actual cardholder. Under fraud guarantee standards, U.S. banks are liable for any fraudulent transactions charged to the contactless cards. Because no signature or PIN verification

10584-460: The scheme and will start issuing cards soon. Bangladesh Bank is working to bring all Bank , Mobile financial service provider and other financial institutions into the scheme. In Belgium, debit cards are widely accepted in most businesses, as well as in most hotels and restaurants. Smaller restaurants or small retailers often accept either debit cards or Payconiq , but generally not credit cards . All Belgian banks provide debit cards when you open

10692-456: The smart card is tapped against a payment terminal that authenticates the card issuer's details through a series of PIN interactions the payment for the interaction will succeed. Tokenisation A newer approach to smart card technology is achieved by linking a smart card to a hardware device, such as through the Apple Pay application on an iPhone mobile phone, thereby allowing mobile devices

10800-487: The transaction fee would absorb the profit margin on the sale, making the transaction uneconomic for the retailer. Some businesses do not accept card payments at all, even in an era with declining use of cash. This still happens for a variety of reasons, tax evasion by small business included. In 2019, £35,000 million in tax revenue was lost in the United Kingdom due to cash-only payments. Many businesses such as, barber shops, fish & chip shops, Chinese takeaways,

10908-509: The transaction is reconciled and hard-posted to the customer's account, usually a few days later. This is in contrast to a typical credit card transaction, in which, after a few days delay before the transaction is posted to the account, there is a further period of maybe a month before the consumer makes repayment. Because of this, in the case of an error by the merchant or issuer, a debit transaction may cause more serious problems (for example, overdraft/money not accessible/overdrawn account) than

11016-618: The transport societies SNCF and Keolis associated themselves for a 2 months experimentation with smartphones in Rennes in the metro, bus and TER trains. The first contactless cards in the UK were issued by Barclaycard in September 2007. PayPass trialed the world's first NFC-enabled phone, the Nokia 6131 NFC, in New York in 2007. In March 2008, Eat became the first restaurant chain to adopt contactless. On 19 January 2009, NFC

11124-589: The user experience and management of employee accounts. In May 2024, an estimated 431,000 ORCA cards were used for at least one trip. The original card uses the ISO/IEC 14443 RFID standard. Specifically, the MIFARE DESFire EV1 which "implements all 4 levels of ISO / IEC 14443A and uses optional ISO / IEC 7816-4 commands.". The new card, which features a black design, includes a barcode and magstripe for quicker reloading at retail outlets. ORCA

11232-414: The validation aboard with them of the transport titles and the loading of these titles onto the smartphone, in addition to the season tickets contactless card. This service was as well experimented then respectively implemented for NFC smartphones on 18 and 25 June 2013 in the tramways and bus of Caen and Strasbourg, after the contactless payment on the 765 pay and display parking machines of Strasbourg

11340-479: Was made available in October 2011. In the Paris transport network, after a 4 months testing from November 2006 with Bouygues Telecom and 43 persons and finally with 8,000 users from July 2018, the contactless mobile payment and direct validation on the turnstile readers with a smartphone was adopted on 25 September 2019 in collaboration with the societies Orange, Samsung, Wizway Solutions, Worldline and Conduent. NFC

11448-490: Was originally anticipated to be operational in 2006. Between November 9 and December 22, 2006, as many as 6,000 transit riders were asked to participate in a live test of the smart card system. The test was conducted on selected routes of the seven participating agencies. The University of Washington conducted a separate test for integrating ORCA with the Husky Card and U-PASS during the same period. A limited rollout of

11556-632: Was suggested by another Sound Transit staff member. An orca mascot for the card and system was unveiled in 2023 and named "Boop" in a public contest. The mascot's name is an onomatopoeia for the sound of a card reader when an ORCA card is tapped. The ORCA Joint Board approved a capital-and-service contract with INIT in 2018 to design and implement a major overhaul of the ORCA system, including new cards, mobile ticketing, and compatibility with contactless payment credit cards and smartphones. Approximately 2,900 on-board fare validators, 1,000 off-board validators, and 250 vending machines were to be replaced under

11664-405: Was waived for all new cards for a three-month period beginning December 1, 2020, due to the COVID-19 pandemic . The fee on youth cards was waived through May 2021 and was later permanently eliminated. Like all transit cards, ORCA cards may be used to track users. In the case of subsidized cards, information regarding a rider's trips may be released to third parties including employers who provide

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