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Visa Electron
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{{Short description|Debit card}} {{Distinguish|Visa Debit}} {{Use dmy dates|date=March 2023}} {{infobox brand | name = Visa Electron | logo = Visa_Electron.svg | logo_caption = The Visa Electron acceptance logo since 2015 | image = | caption = Sample image of a Visa Electron card | type = [[Debit card]] | currentowner = [[Visa Inc.]] | introduced = {{start date and age|1985}} | discontinued = {{end date|2024|4|13}} | related = [[Visa Debit]] | markets = Worldwide | tagline = "Always on" | website = {{URL|http://www.visa.com/}} }} '''Visa Electron''' was a [[debit card]] product that used the [[Visa Inc.|Visa]] [[payment system]]. It was offered by [[issuing bank]]s in every country with the exception of Canada, Australia, Argentina, Ireland and the United States.<ref>{{cite web | title=Payment methods per country | url=https://www.computop.com/fileadmin/user_upload/Downloads_Content/english/Products/Computop-Payment-methods-per-country.pdf | publisher=Computop | access-date=14 January 2019 | archive-date=15 January 2019 | archive-url=https://web.archive.org/web/20190115023338/https://www.computop.com/fileadmin/user_upload/Downloads_Content/english/Products/Computop-Payment-methods-per-country.pdf | url-status=live }}</ref> The difference between Visa Electron and [[Visa Debit]], a similar product, is that payments with Visa Electron always require on-line electronic authorisation, and typically require that all the funds be available at the time of transfer, i.e., Visa Electron card accounts may not normally be [[overdraft|overdrawn]]. Most Visa Debit cards, on the other hand, may be processed offline, without online authorisation, and may allow transfers exceeding available funds up to a certain limit. For that reason, Visa Electron cards are more commonly issued to younger customers or customers that have poor credit.<ref name=hsbc>{{cite web | title=Visa Electron Card: The ideal card to manage your budget, with no risk of exceeding your balance | url=https://www.hsbc.fr/1/2/en/personal/everyday-banking/products/credit-cards/more-details-visa-electron-card | publisher=[[HSBC]] | access-date=14 January 2019 | archive-date=15 January 2019 | archive-url=https://web.archive.org/web/20190115023229/https://www.hsbc.fr/1/2/en/personal/everyday-banking/products/credit-cards/more-details-visa-electron-card | url-status=live }}</ref> Online stores and all offline terminals do not support Visa Electron because their systems cannot check for the availability of funds. In addition to point of sale debit payments, the card also allows the holder to withdraw cash from [[automated teller machine]]s (ATMs) using the [[Plus (interbank network)|Plus]] [[interbank network]]. Issuance of Visa Electron cards declined in the 2010s, with many banks replacing them with Visa Debit cards.<ref>{{cite news |url=http://news.bbc.co.uk/2/hi/business/8384034.stm |title=Visa Electron cards to be phased out |first=Bob |last=Howard |work=[[BBC News]] |date=15 May 2004 |access-date=14 January 2019 |archive-date=30 December 2018 |archive-url=https://web.archive.org/web/20181230175458/http://news.bbc.co.uk/2/hi/business/8384034.stm |url-status=live}}</ref><ref>{{cite news | url=https://www.atmmarketplace.com/news/maestro-electron-give-way-to-mastercard-visa-in-europe/ | title=Maestro, Electron give way to MasterCard, Visa in Europe | work=ATM Marketplace | date=10 November 2017 | access-date=14 January 2019 | archive-date=15 January 2019 | archive-url=https://web.archive.org/web/20190115075718/https://www.atmmarketplace.com/news/maestro-electron-give-way-to-mastercard-visa-in-europe/ | url-status=live}}</ref><ref>{{cite news | url=https://www.paymentscardsandmobile.com/card-issuers-upgrade-maestro-electron-mastercard-visa/ | title=Card issuers upgrade from Maestro and Electron to Mastercard and Visa | first=ALEX | last=ROLFE | work=Payments Cards & Mobile | date=10 November 2017 | access-date=14 January 2019 | archive-date=29 January 2019 | archive-url=https://web.archive.org/web/20190129091957/http://www.paymentscardsandmobile.com/card-issuers-upgrade-maestro-electron-mastercard-visa/ | url-status=live}}</ref> Visa discontinued the product globally in 2024.<ref>[https://www.aibms.com/wp-content/uploads/2018/10/AI08053-Visa-Electron-Will-Be-Discontinued-Globally.pdf "Visa Electron will be discontinued globally"] {{Webarchive|url=https://web.archive.org/web/20230308013757/https://www.aibms.com/wp-content/uploads/2018/10/AI08053-Visa-Electron-Will-Be-Discontinued-Globally.pdf |date=8 March 2023 }} {{emdash}} Visa U.S.A. Inc. via [http://aibms.com AIB Merchant Services]</ref> ==Design== [[File:Kuala Lumpur, Digital River ePassporte bank card, Malaysia.jpg|thumb|right|Visa Electron card with hologram]] [[File:Visa Electron.PNG|thumb|right|Visa Electron card without hologram and the logo used between 2005 - 2014]] A Visa Electron logo, usually on the bottom right. Most Visa Electron cards do not have the dove hologram as on Visa credit and debit cards, but a few banks do include it. The card number and validity as well as cardholder name are printed rather than [[Embossing (paper)|embossed]], thus the card cannot be used in a [[credit card imprinter|card imprinter]] β for card-present transactions the card requires a reader of [[magnetic stripe card]]s, [[EMV]] reader or [[contactless payment]] terminal. ==References== {{reflist}} {{Credit cards}} [[Category:1985 establishments in the United States]] [[Category:Debit card issuer associations]] [[Category:Debit cards]] [[Category:Financial services companies established in 1985]] [[Category:Products and services discontinued in 2024]] [[Category:Visa Inc.]]
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