21 October 2017
Register now

MasterCard and Banca Monte Paschi Belgio launch dual debit-credit card

23 October 2012  |  8087 views  |  0 MasterCard web screen shot

MasterCard and Belgium's Banca Monte Paschi Belgio have unveiled a dual debit and credit card which also includes a display screen for passcodes that secure online payments.

Launching early next month, the 'PaschiCombo' card - which also includes PayPass contactless functionality - comprises of a Maestro debit card on one side and MasterCard credit card on the other.



This, claim the partners, makes it the most widely accepted in the world, covering terminals at 14 million Maestro-friendly merchants and 34 million MasterCard outlets.



When customers want to make a purchase, they simple insert their PaschiCombo card into a conventional payment terminal and use the keypad to select to pay with Maestro for a debit payment or with MasterCard for a credit payment.

Meanwhile, the card also includes a button, which users press to create a unique pass code which appears on a display screen and can be entered online to secure Web purchases.

Dino Albanese, member, management committee, Banca Monte Paschi Belgio, says: "We may be the oldest bank in the world today, but we also want to be the most innovative. The PaschiCombo card is without doubt the most innovative card in the world, accepted by the most extensive network in the world."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Al Hilal Bank credit card with compass points to Mecca

Al Hilal Bank credit card with compass points to Mecca

23 October 2012  |  6460 views  |  2 comments | 6 tweets | 3 linkedin
Visa CodeSure gets commercial green light

Visa CodeSure gets commercial green light

02 June 2010  |  15896 views  |  4 comments
Four banks to trial Visa PIN code cards

Four banks to trial Visa PIN code cards

10 November 2008  |  16404 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit www.innotribe.comRegister now

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
10320 views comments | 22 tweets | 26 linkedin
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
9672 views comments | 17 tweets | 24 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9021 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8100 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7841 views comments | 10 tweets | 22 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job