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Carte Bleue (English: Blue Card) was a major debit card payment system operating in France. Unlike Visa Electron or Maestro debit cards, Carte Bleue transactions worked without requiring authorization from the cardholder's bank. In many situations, the card worked like a credit card but without fees for the cardholder.
The CB Bank Card Group (French: Groupement des cartes bancaires CB), also known as simply CB, is France's national interbank network, with over 46,000 ATMs and over 1 million EFTPOS acceptance points. [1] Carte Bleue Visa is a brand often associated with CB.
Consumer credit companies required individuals to open a direct debit account. From 1951 to 1958, the number of accounts opened at the BRED increased 76-fold. In 1967, BRED marketed their first debit cards. In 1976, 600 BRED ATMs were set up, and the bank had 22,000 customers using credit cards.
Card schemes are payment networks linked to payment cards, such as debit or credit cards, of which a bank or any other eligible financial institution can become a member. By becoming a member of gets the possibility to issue cards or acquire merchants operating on the network of that card scheme.
2. Gas stations: How your debit card can leak money at the pump. Filling your gas tank shouldn’t empty your bank account, but swiping your debit card might do just that.
Nine years later, the French consumer banking industry implemented Moreno's microchip on the Carte Bleue, a national debit card system. The invention was slower to come into widespread use in Britain and the United States: American Express did not introduce the smart card-using Blue Card until 1999 and the London transport system did not issue ...
The Euro Alliance of Payment Schemes (EAPS) was an international alliance of European bank and interbank networks that had aimed to creating a pan-European debit card system in the Single Euro Payments Area to rival Visa and Mastercard using existing country specific systems.
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