secupay Payments Glossary

We explain payment terminology from A to Z, including accounting and payment methods.

Maestro

International payment system for Mastercard debit cards. Many German banks and savings banks have issued Girocards with Maestro function to account holders. In 2023, Mastercard will phase out the system. Giro cards issued after 30 June 2023, can no longer be used by German customers to make payments abroad. Go to the blog post “Is the Girocard being abolished?”