Banking

Mostly in the Banking World there are 2 types of payments that can be done by payment cards (banking cards):

Pay Now
Pay Later

Pay now refers to a debit card such as local debit card or international branded debit card e.g. maestro from MasterCard or VISA Electron from VISA.
Pay now means in this case that when card is used for a purchase at a POS terminal, the amount is deducted from cardholder account same day or next day.

Pay later refers to a credit card such as local credit card or international branded credit card e.g. MasterCard or VISA.
Pay later means in this case that payments done with credit card will be deducted form cardholder account as bulk payment at the end of the month.

Typical features of

Debit cards:
- Offset printed PVC card (thickness 0,76 mm) showing name of bank and type of card. In case of MasterCard debit card the brand name maestro is shown and in case of VISA debit card the brand name VISA Electron is shown
- Magnetic Stripe (HiCo 2750 Oe) on back side
- Signature Panel on back side
Credit Cards
- Offset printed PVC card (thickness 0,76 mm) showing name of bank and type of card. In case of MasterCard credit card the brand name MasterCard is shown and in case of VISA credit card the brand name VISA is shown
- Magnetic Stripe (HiCo 2750 Oe) on back side
- Signature Panel on back side
- UV security feature on front side
- Hologram on front side
- Typical types of credit cards: Classic or Standard, Silver or Business, Gold, Platinum
- The Silver, Gold and Platinum cards have on top of offset print also silk screen print as they are metallic colour cards

Encoded and personalised payment cards ready for use by client have to carry

Client name and validity date as well as card number
in case of debit cards these informations are printed on front side by laser engraving. In case of credit cards these informations are printed on front side by embossing
Encoded magnetic stripe
Encoded Chip in case of EMV card

EMV Chip cards are available as VISA or MasterCard Debit card with chip or as VISA or MasterCard Credit card with chip.
Due to increasing fraud rate with magnetic stripe cards more and more EMV chip cards are being issued by banks. In order for the EMV cards to be operable in the payment environment it requires the acceptance devices (POS’s and ATM’S) and the background systems to be updated to accept chip cards.
Not too many countries have started to shift issuing from magntic stripe cards to EMV chip cards.
Basically there are 3 Types of EMV chip cards:
SDA ones (Standard cards). SDA = Static Data Authentication
DDA ones. DDA = Dynamic Data Authentication. More sophisticated than SDA as it enables digital signature.
CDA ones are more sophisticated than DDA ones.

As a supplier of payment cards (banking cards) Elatec can supply payment cards not personalised and not encoded as well as personalised and encoded according to bank cardholder’s data.

Production facilities of Elatec production partners are certified according to
requirements of VISA, MasterCard and EMV Co.

Should EMV cards, EMV Card Personalisation and migration to EMV cards be an
issue for your bank, Elatec can offer dedicated workshops in these fields. Elatec is the right partner to support your bank when it comes to migration towards EMV cards.

How can we support you? Be assured that you can rely on our fast support, flexibility, competitive prices as well as short lead times.

Some reference payment cards (banking cards) supplied by Elatec: