Re:Can the Visa-Mastercard duopoly be broken?
by gsnedders on Thursday August 18, 2022 @11:31AM
(#32511034)
How are they not true debit cards? They are issued by banks, directly debiting from an account. Sure, internally they piggyback on infrastructure originally intended for credit cards, but that's an implementation detail.
Maestro, given you mention it elsewhere, doesn't necessarily have longer payment card numbers than most credit cards (which are mostly 16, except for Amex which is mostly 15): it merely has a number made up of a number of different prefixes, and the final section is determined by the issuing bank… and several of these are variable length.
Re:Can the Visa-Mastercard duopoly be broken?
by Cu3PO42 on Thursday August 18, 2022 @02:11PM
(#32513010)
I think the grandparent may be from a country in which a separate debit network, operated jointly by the nation's banks, exists. In such countries banks have typically issued cards using these networks and they may be seen as "true debit cards". MC/Visa are then often used interchangeably with "credit card", even in instances where they are debit cards on the Visa/MC network. (I'm not arguing this is correct usage of terminology.)
Anecdata: I'm from Germany, which is one such country. I've recently had a conversation with someone who had a "credit card" that charges directly to their bank account.
Actual debit cards are issued by banks and only have the much longer account number on them.