18 January 2018
visit www.ebaday.com

Allied Irish converts debit cards to Maestro for Sepa

11 July 2007  |  1593 views  |  0 Source: MasterCard

MasterCard Worldwide and Allied Irish Bank (AIB) today announced an agreement to convert the Bank's full debit and ATM-only card portfolios to Maestro.

Under this agreement, all of AIB's debit and ATM cards will be co-branded Laser Maestro.

The agreement, which will come into effect immediately, results in AIB doubling its portfolio of Maestro-branded cards.

The conversion is the largest portfolio migration of its kind ever seen in Ireland and, as a result, AIB and MasterCard will provide a Single European Payments Area (SEPA)-compliant product in the Irish market.

Cardholders will benefit from the international reach of the Maestro brand and the strength of the AIB MasterCard partnership through increased international acceptance of their cards and a common debit card experience across the SEPA region, where paying for something or withdrawing money will cost the same and be as safe as making payments at home.

Commenting on the announcement, Linda Reid, Senior Account Manager, MasterCard Europe, said: "MasterCard has a long working relationship with AIB, being first selected as their debit partner five years ago, and we are excited to be expanding this relationship and to be supporting AIB as it becomes SEPA compliant

"The strength of our partnership ensures that Irish cardholders received the best-in-class service and, going forward, will ensure that they benefit fully under SEPA."

Mick McCarthy, Head of Card Issuing for AIB said "We have always taken an innovative approach to card payments and have a very strong relationship with MasterCard in this regard. We see this portfolio migration as a further step towards more innovative products and solutions for our cardholders and an opportunity to provide our customers with an enhanced and consistent debit card experience across the globe."

AIB will write to customers receiving a new Laser Maestro card to inform them of the change before their current card is replaced.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.thomsonreuters.infovisit www.ebaday.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
10661 views comments | 32 tweets | 36 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
10117 views comments | 17 tweets | 18 linkedin
Wells Fargo to close 900 branchesWells Fargo to close 900 branches
9698 views comments | 14 tweets | 16 linkedin
KFC introduces Bitcoin BucketKFC introduces Bitcoin Bucket
9237 views comments | 17 tweets | 16 linkedin
FinTech Scotland appoints new CEOFinTech Scotland appoints new CEO
8198 views comments | 8 tweets | 6 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job