PURCHASE, N.Y. – Visa may have opted to dictate the font size and placement of the word "debit" on its signature debit cards, but MasterCard has opted for the hologram. Beginning January 1, 2004, all of its debit cards that use a signature to verify cardholder identity will have to carry a new Debit MasterCard Hologram which features the word "debit" in the hologram within the MasterCard Identification Area. "Our simple, yet elegant, hologram design will clearly, uniquely and uniformly identify debit MasterCard cards, without diminishing the brand integrity and consumer familiarity built-up in current Member debit programs," said Richard G. Lyons, Jr., senior vice president, Deposit Access Group, North America, MasterCard International. "The approach presents a visually compelling differentiator for MasterCard debit issuers, while equipping cardholders with an attractive and distinct bankcard." MasterCard said that the new hologram design "seamlessly integrates into current card manufacturing processes," and that the price for the cards will not change as a result of the addition. MasterCard also pointed out that the card face otherwise remains unaltered, eliminating the need for MasterCard debit issuers to reorient existing debit program names, or renegotiate standing agreements with partners.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.