The German ‘girocard’ debit card scheme,
operated by Zentraler Kreditausschuss, will now be accepted at all
63,000 LINK ATMs in the UK under the Euro Alliance of Payment
Schemes (EAPS).
EAPS facilitates pan European ATM and POS
transactions by uniting independent card schemes throughout Europe
under a single European framework. This framework provides a
European alternative to the international card schemes. Both
LINK and Zentraler Kreditausschuss are founding members of
EAPS.
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“Through EAPS we have been able to open up
LINK’s UK cash machine network to cards from elsewhere in Europe,”
said Edwin Schooling Latter, LINK card scheme director.
“This allows us to offer the same nationwide
access that in the past only UK cardholders have enjoyed, to debit
cardholders from other European countries. Germans will now
be able to use their girocards to withdraw cash across the UK.”
According to Ugo Bechis, chairman of the EAPS
board and head of SEPA-Payments at Italy’s UBI Banca, payment
schemes participating in EAPS were responsible for more than 9
billion ATM and POS transactions in 2009.
“The benefits to cardholders, card issuers and
ATM operators are clear – EAPS allows them to make use of existing
ATM and POS infrastructure to enable cross-border transactions at a
lower cost than would otherwise be possible, and introduces
increased competition in the payments sector,” said Bechis.
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