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Glossary

Giro Card

Domestic debit card system (e.g., Germany) that clears directly against bank accounts via local rails.

POS

A giro card is a domestic debit scheme (notably in Germany) that pulls funds from the customer’s bank account via local rails. Acceptance is strong in-country but limited cross-border unless co-badged with international networks.

Compared with a debit card on global schemes, giro cards can offer lower fees for local POS transactions. They do not provide revolving credit like a credit card and may require separate routing for e-commerce acceptance.

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Keep learning with these nearby definitions.

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Payment network (e.g., Visa/Mastercard) that sets rules and routes card transactions between issuers and acquirers.
Giro Card