16 August 2017
visit www.avoka.com

KLM replaces cash handouts with pre-paid debit cards

02 April 2004  |  6950 views  |  0 KLM replaces cash handouts with pre-paid debit cards

Dutch airline KLM is introducing pre-paid debit cards from ABN Amro to replace its existing system of providing cash to customers following over-booked or delayed flights.

The MasterCard Maestro cards are loaded on the spot by KLM staff. Customers can choose to withdraw their cash from any ATM worldwide in local currency, or spend it at merchants.

Luuk Nooter, senior product manager at ABN Amro says the product has the potential to be used for many other commercial and administrative applications.

"If we look further, we could start to see such Maestro pre-paid card programmes being used to pay expenses to airline staff or as rewards, or gift-cards," he says.

In a seperate initiative, MasterCard has announced the global launch of its MasterCard/Maestro Terminal Implementation Programme (M-TIP), with the support of vendors Dione, Hypercom and Verifone. The aim of the programme is to help merchants and acquirers make the switch to new PIN-enabled EMV terminals.
KeywordsEFTPOS

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

Belgian and Icelandic card processors join MasterCard MoneySend

Belgian and Icelandic card processors join MasterCard MoneySend

01 April 2004  |  4131 views  |  0 comments
Comerica introduces Visa gift card

Comerica introduces Visa gift card

05 December 2003  |  9135 views  |  0 comments
Ingotz launches pre-paid card in UK

Ingotz launches pre-paid card in UK

25 November 2003  |  4031 views  |  0 comments | 1 linkedin
MasterCard opens new fronts in contactless and pre-paid cards

MasterCard opens new fronts in contactless and pre-paid cards

18 November 2003  |  6233 views  |  0 comments
Pre-paid payments tipped for growth

Pre-paid payments tipped for growth

17 November 2003  |  6792 views  |  0 comments
America Online introduces pre-paid cash card

America Online introduces pre-paid cash card

22 July 2003  |  5667 views  |  0 comments

Related company news

 

Related company information

ABN Amro

Related blogs

Create a blog about this story (membership required)
visit www.abe-eba.eudownload the paper nowvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
hands typing furiouslyBI and Analytics - A New Perspective
10957 views 0 | 2 tweets | 12 linkedin
Coinbase raises $100mCoinbase raises $100m
10083 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9427 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9187 views comments | 8 tweets | 15 linkedin
HSBC automates documentary trade processing with IBMHSBC automates documentary trade processin...
8291 views comments | 6 tweets | 21 linkedin

Featured job

Competitive base and bonus, plus benefits
London, UK

Find your next job