AIB To Ditch Laser and Launch Visa Debit

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AIB is planning to ditch the familiar Laser and Maestro card, replacing it with the Visa debit card from next year.

The bank announced the plans this morning, saying it would replace the debit cards in the second half of 2012.

The move will pave the way for the lender to introduce contactless payments for small transactions, which will allow Visa Debit holders to pay for purchases of €15 or under by holding their card over a reader at certain retail outlets.

There are additional security features in the new card that help prevent it from being used by unauthorised people. The card can only be used a certain number of times or for a certain value before a PIN is required.

AIB currently has about 1.4 million debit cards in circulation.

Earlier this month, Bank of Ireland said it planned to issue contactless Visa debit cards to its customers later this year. More than 20 million of the contactless debit cards are already being used in Europe.
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That leaves NIB only offering Laser. Surely, NIB will have to also ditch Laser?
 
That is great news and about time too they are finally introducing them.
 
The move will pave the way for the lender to introduce contactless payments for small transactions, which will allow Visa Debit holders to pay for purchases of €15 or under by holding their card over a reader at certain retail outlets.There are additional security features in the new card that help prevent it from being used by unauthorised people. The card can only be used a certain number of times or for a certain value before a PIN is required.
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Could current Visa Debit cards also use this system if introduced by their bank without any change to the card!
 
pudds said:
Could current Visa Debit cards also use this system if introduced by their bank without any change to the card!
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Contact-less payments require a different chip, so there would be a requirement for a new card.

The Google Nexus S phone has a NFC chip in it that can also be used for contact-less payments.
 
Geez, I've only finally gotten the Laser sorted out! Gahhh!

ONQ.
 
What happens if you don't use a credit card and rely on Laser for on-line purchases/shopping over 15 euros? Does that mean I will have to carry cash if I want to buy groceries or clothes over 15 euros?

Also, I looked on AIB website and they have absolutely NO information on this.

Thanks
 
You get asked for a pin code for purchases over 15 EUR.

It is only in the press release section of the AIB website.
 
Let's hope they go the whole way now and enhance security with the new card by introducing a 6 digit PIN with it.
 
What is the problem with the visa debit. I have one and it works basically the same as laser? Am I missing something?

I don't like the fact it's called VISA as that always makes me think of credit and it is not a credit card.
 
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