BEUC has criticised some aspects of the Eurocheque
system in the past, but recognises that for many people they meet a need which cannot be met by other means of payment, typically for making relatively small cross-border payments by post (deposits for hotel reservations and the like).
Twenty-seven million new cards carrying one or more brands from the Europay family - Eurocard-Mastercard, Maestro, Eurocheque
and Cirrus - were issued by European member banks in 1999.
Europay International, which represents the interests of the Eurocard-Mastercard and Eurocheque
network, has welcomed the Commission proposal, suggesting in a statement issued on July 1 that it will "help identify and correct any gaps or discrepancies in laws that fight cheque and payment card fraud, and will complement Europay's on-going efforts to make the payment card system as safe as possible".
EPS-Net supports Europay payment brands such as Eurocard-MasterCard, Maestro, Cirrus, and eurocheque
, and has been developed to provide complete end-to-end security services.
cardholders alone represent over 49 million consumers, with bank debit cards representing another 15 million consumers in Germany.
These terminals provide access to the potential market of over 49 million eurocheque
cardholders as well as the over 15 million bank clients carrying debit cards in Germany.
Gross dollar volume and cards in circulation data exclude eurocheque
and edc, which are European-only cards.
Numerous examples show that Siemens is closely involved in this and is setting the standards: the world's first electronic purse in Denmark contains a Siemens chip, and likewise the world's first Eurocheque
card with chip in Austria uses a Siemens security controller.
Granted, it was back in the 1980s that I arrived in Hungary with out-dated Eurocheques
obtained from my bank.
I think Travellers' Cheques have had their day - a bit like the old Eurocheques
You'll be able to pay cash in old currencies and make purchases in euros using credit and debit cards,and Eurocheques
There are Eurocheques
too but the annual fee - typically pounds 4 - and transaction charges - 28p to 35p per cheque - make them expensive unless you travel to Europe more than twice a year.