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NatWest Group to convert all retail and business debit cards to Mastercard

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  • Mastercard must be offering a good deal to these banks, Santander also went over.
  • jimjames
    jimjames Posts: 18,662 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Mastercard must be offering a good deal to these banks, Santander also went over.
    I wonder why they're able to offer a good deal :)
    https://metro.co.uk/2021/01/25/mastercard-to-increase-fees-for-uk-shoppers-buying-from-eu-13959517/
    Remember the saying: if it looks too good to be true it almost certainly is.
  • jackjones01
    jackjones01 Posts: 531 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    edited 4 February 2021 at 7:38PM
    It may be cheaper for NatWest but I’ll be more expensive for retailers to process the transactions. But it does give the card tarts something to look forward to 😂
  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    It may be cheaper for NatWest but I’ll be more expensive for retailers to process the transactions. But it does give the card tarts something to look forward to 😂
    Card tart here (not of the card-design-tart variation, just in it for making money).

    Please enlighten what I should look forward to.


  • colsten said:
    It may be cheaper for NatWest but I’ll be more expensive for retailers to process the transactions. But it does give the card tarts something to look forward to 😂
    Card tart here (not of the card-design-tart variation, just in it for making money).

    Please enlighten what I should look forward to.


    They may turn the cards portrait 😂
  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    colsten said:
    It may be cheaper for NatWest but I’ll be more expensive for retailers to process the transactions. But it does give the card tarts something to look forward to 😂
    Card tart here (not of the card-design-tart variation, just in it for making money).

    Please enlighten what I should look forward to.


    They may turn the cards portrait 😂
    I am so incredibly excited.
  • Mine has been a MasterCard for months.
    Mortgage started 2020, aiming to clear 31/12/2029.
  • Mine has been a MasterCard for months.
    Credit cards are currently MasterCards but debit cards are Visa. 
  • WillPS
    WillPS Posts: 5,142 Forumite
    Part of the Furniture 1,000 Posts Newshound! Name Dropper
    RBS used Mastercard Debit's forerunner Maestro until 2009/10ish - I wonder if they will be able to get going with the transition sooner than some of their rivals.
  • born_again
    born_again Posts: 20,437 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    WillPS said:
    RBS used Mastercard Debit's forerunner Maestro until 2009/10ish - I wonder if they will be able to get going with the transition sooner than some of their rivals.
    I would not think so..

    It's a hell of a lot of background work to change systems (Visa & Mastercard use their own dedicated systems for many things such as chargebacks & cards actions) these have to be integrated into their own systems & tested. Procedures written for staff to follow etc. Can't share with other banks as each has their own systems.
    Staff then have to get access to these systems & be trained on them. Then starts the process of slowly moving customers over from Visa to Mastercard. 
    Can't do them all at once, just in case any system issues & the fact it is not possible to issue millions of cards so quickly.
    Life in the slow lane
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