Switch was a debit card used in the United Kingdom. It is a sister of the Solo debit card. Switch was launched in 1988 by Midland Bank, National Westminster Bank and Royal Bank of Scotland. The payment system has now been merged with Maestro, an international debit card brand. This merger has been referred to as the "penguin wedding" with distinctive advertisements of the penguins in different international settings, by Joel Veitch. However, despite the Maestro brand name, the transactions in the UK are still processed by the Switch system. Switch - fairuse This work is copyrighted. ... This article needs to be cleaned up to conform to a higher standard of quality. ... Solo is a debit card produced by Switch Card Services in the UK. It can only be used electronically and is designed for under 18s and people on lower incomes. ... The Midland Bank (now part of HSBC) opened as the Birmingham and Midland Bank in Union Street, Birmingham, England in August 1836. ... Old NatWest logo NatWest (formerly the National Westminster Bank) is the United Kingdoms third biggest bank. ... The Royal Bank of Scotland (LSE: RBS)is one of Scotlands four national clearing banks and one of the oldest in the UK, founded in Edinburgh in 1727 by Royal Charter. ... Maestro is an international debit card service; a joint venture by Mastercard and Europay International. ... Generally speaking, advertising is the paid promotion of goods, services, companies and ideas by an identified sponsor. ... Joel Veitch is a web animator and member of the B3ta collective. ...
Overall, the online debitcard is generally viewed as superior to the offline debitcard because of its more secure authentication system and live status, which alleviates problems with processing lag on transactions that may have been forgotten or not authorized by the owner of the card.
Debitcards and secured credit cards are popular among college students who have not yet established a credit history, or the "unbanked".
Debitcards may be considered similar to stored-value cards in that they represent a finite amount of money owed by the card issuer to the holder.
Debitcards are issued by the organisations that hold your money on deposit and will be issued under a card scheme.
The debitcards most commonly used in the UK are Visa Debit, issued under the Visa card scheme, and Maestro.Cards previously known as Switchcards have been rebranded Maestro to make them part of a worldwide scheme.
While a debitcard may physically resemble a credit card unlike the credit card, it is intended for use as an alternative to cash and cheques.
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