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

Notnewnotold

jackjones01 said:

colsten said:

jackjones01 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'd like one made of precious metal. And throw in some diamonds and pearls too.

Well if Sberbank can do it...

callum9999

jackjones01 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 😂

Visa and MasterCard have the same interchange fees. Which fee specifically are you referring to that MasterCard charges more for?

jackjones01

callum9999 said:

jackjones01 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 😂

Visa and MasterCard have the same interchange fees. Which fee specifically are you referring to that MasterCard charges more for?

These ones:

https://www.google.co.uk/amp/s/www.bbc.co.uk/news/amp/business-55796426

stclair

born_again said:

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.

When it was first reported back  in September 2008 NatWest was moving from maestro to Visa the change happened on 15th September 2009 so I reckon it’ll take at least a year possibly for the change to take place. As in addition, NatWest will have to change current account terms and conditions aswell etc. 

BrownTrout

Oh for the days of access and switch..

stclair

BrownTrout said:

Oh for the days of access and switch..

Do you remember this advert ?

https://youtu.be/PZzfRLoNAK4

A_Lert

So does this mean my debit card will be expired sooner than the stated date? Oh joy.

Just might prompt me to switch away. Both my credit cards are Mastercard, I'd rather not have everything on the same for when it goes down.

WillPS

born_again said:

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.

I'm not expecting overnight, I was just suggesting that some of that system work might not be necessary if the Maestro integration exists in a dormant state still. My understanding is that the Mastercard Debit system is an evolution of the Maestro (Intl) system.

Of course, a lot happens in 10 years and to what extent what they had back then is still useful is anyone's guess.

BrownTrout

stclair said:

BrownTrout said:

Oh for the days of access and switch..

Do you remember this advert ?

https://youtu.be/PZzfRLoNAK4

yes i do

[Deleted User]

BrownTrout said:

Oh for the days of access and switch..

I always associated these with low income accounts, but I seem to remember HSBC advanced using one of them if I am not going crazy.