Debit Card - Debit Cards Around The World - Italy

Italy

Debit cards are quite popular in Italy. There are both classic and prepaid cards. The main classic debit card in Italy is Bancomat/PagoBancomat: this kind of card is issued by Italian banks. Bancomat is the commercial brand for the cash withdrawal circuit, while PagoBancomat is used for POS transactions. Unlike other European countries such as UK, no Italian bank is issuing Visa/MasterCard debit cards. The main international debit circuit used by Italian banks is Maestro: for this reason almost every debit card issued in Italy has both PagoBancomat and Maestro logos, with Bancomat/PagoBancomat being used in Italy and the Maestro circuit when abroad. Sometimes, instead of using the Maestro circuit, the Bancomat/PagoBancomat debit card is issued along with V-Pay or Visa Electron logos, or sometimes with credit card functions (so you get a dual-mode card). In this last case, only the credit-card mode is allowed for abroad/Internet transactions, while the debit card mode is used only in Italy. The most popular prepaid debit card is "Postepay". It is issued by Poste Italiane S.p.A., and runs on the Visa Electron circuit. It can be used on Poste Italiane's ATMs (Postamat) and on Visa's Electron-compatible bank ATMs all over the world. It has no fees when used on the Internet and in POS-based transactions. Other cards are issued by other companies, such as Vodafone CashCard, Banca di Milano's Carta Jeans and Carta Moneta Online.

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Famous quotes containing the word italy:

    I think sometimes that it is almost a pity to enjoy Italy as much as I do, because the acuteness of my sensations makes them rather exhausting; but when I see the stupid Italians I have met here, completely insensitive to their surroundings, and ignorant of the treasures of art and history among which they have grown up, I begin to think it is better to be an American, and bring to it all a mind and eye unblunted by custom.
    Edith Wharton (1862–1937)

    Everything in Italy that is particularly elegant and grand ... borders upon insanity and absurdity—or at least is reminiscent of childhood.
    Alexander Herzen (1812–1870)

    For us to go to Italy and to penetrate into Italy is like a most fascinating act of self-discovery—back, back down the old ways of time. Strange and wonderful chords awake in us, and vibrate again after many hundreds of years of complete forgetfulness.
    —D.H. (David Herbert)