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Article #5686

Re: Debit card question

#5686
From: John Smith
Date: Thu, 05 Jan 2006 22:01
46 lines
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"GregRo" <webworm11@lycos.com> wrote in message 
news:424lf5F1grlajU1@individual.net...
> On Thu, 05 Jan 2006 05:00:31 GMT, "John Smith" <54354@432654353.65>
> wrote:
>
>>No banks that I know of offer this service in Canada. The only type of
>>"debit card" is your normal ATM card, and it uses the interac network 
>>which
>>requires pin entry. Cash back is available with this card.
>>
>>Interac is very well supported by merchants, and is very popular amound
>>customers. Most banks will give you a certain number of Interac debit
>>transactions per month (15, 30, unlimited) with your banking plan. 
>>Merchants
>>like it because there is lower transaction fees than credit cards.
>>
>
>
> That is partially correct.   The check card also operates as an ATM
> card.   I thought Interac takes cirrus from other countries or are
> they still working on this?

As far as I know Canadian interac terminals won't accept any other type of 
debit card (other than MC/Visa debit cards if the retailer honours those 
cards).

However most Canadian ATMs will also honour Cirrus and Plus cards.

> My card on the back has cirrus,  Star24, NYCE, Maestro.   With the
> agreement between Interac and NYCE.   I could assume this card can
> still be used at places that don't take Visa or Mastercard.

You can assume but it might not be right. At Interac and NYCE's websites I 
see mention of using Canadian cards at American NYCE terminals, but no 
mention of using NYCE cards on interac terminals.

> http://gocanada.about.com/library/howto/htdebitpurchase.htm

Mentions nothing about what networks are supported.

> http://www.starfinancial.com/personal/c_cards.htm
> They forgot to add.  You can make purchases at pos terminal.
> That don't take Mastercard.  If it is one of those systems above.

None of which are Interac. 
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From: "John Smith" <54354@432654353.65>
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