Product type | Debit card |
---|---|
Owner | |
Country | Netherlands |
Introduced | 1988 (as BeaNet) 1990 (as PIN) |
Discontinued | 2012 |
Related brands | Maestro V Pay |
PIN was a debit card brand in the Netherlands from 1990 until 2012, owned by Currence.[1] PIN was a magnetic stripe card, which never migrated to the EMV chip. It was therefore discontinued in 2012, after the switch-over from magnetic stripe authentication to EMV chip authentication in the Netherlands was completed. PIN was replaced by Maestro and V Pay debit cards, but as most PIN cards were already co-branded with Maestro long before 2012, consumers noticed little of the change.[1]
Like in many neighbouring countries, the PIN debit card often doubled as a cheque guarantee card for Eurocheque until those cheques were abolished on 1 January 2002. In contrast to its neighbouring countries (e.g. Belgium's Bancontact and Germany's Girocard), the Netherlands has not operated a national debit card network since 2012.