Glossary
What do the technical terms mean
Search by Alphabet
Search here for your desired search term
Payment does not have to be complicated. However, there are technical terms that are often not common.
Can we help you
In the upper search bar you can choose between two search options. The search by category and the search by alphabet. Just click on the navigation button above the selection. If you need further information, please contact us. We look forward to hearing from you.
You have not found an entry
Then do not hesitate and contact us. We make every effort to answer all questions as quickly as possible and to keep our glossary up to date in order to provide you with the greatest possible amount of information.
Debit cards
Debit cards are cards that can only be managed on a credit basis. This credit balance can be disposed of and is understood to correspond most closely to the EC card of German banks. A debit card is the Visa Electron. When paying by debit card, the end user is debited directly, whereas with a credit card there is a monthly collective listing, which is then debited as a total amount to the current account.
History
The Eurocheque card was issued in Europe from 1968. It was initially intended as a guarantee card for euro checks to be cashed. In the USA, the ATM card was issued in the 1970s and was already intended for ATM use. Based on these two types of cards, a wide range of debit cards with prompt debiting from the checking/cheque account was developed.
Provider
Girocard is a development of the German banking industry and usually has an international co-branding with Maestro.
is Mastercard's debit card for cashless payments outside of Germany.
Debit Mastercard is a debit card widely used worldwide. The card can be used at ATMs worldwide and is mostly Maestro compatible.
VISA from the USA is also represented worldwide and can be issued as a debit, credit and prepaid card.
Debit Mastercard is a debit card widely used worldwide. The card can be used at ATMs worldwide and is mostly Maestro compatible.
VISA from the USA is also represented worldwide and can be issued as a debit, credit and prepaid card.