[LargeFormat] Re: OT: What's an ec card?

Wilkes, Don MSER:EX largeformat@f32.net
Fri Jun 20 12:44:50 2003


> It's quite similar to a credit card and is issued by almost
> all European banks for free. There are 1.65 million shops in
> Europa that accept the ec-card but 'only' 2.7 million world-wide.
> Fees are considerably lower that for credit cards.

It sounds like what is known in Canada as a "debit card".  You use it much
like a credit card, but the funds come straight out of your bank account and
into the merchant's account.

\dw