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Laser Casino Sites


 

The Laser payment method was introduced in Ireland in 1996. By 2010 approximately three million Laser Cards were in circulation.  It was operated and maintained by a non-for-profit organisation known as Laser Card Services Limited, which is owned by four of Ireland’s principle finance institutions. Since the year 2008, Laser Card Services Ltd. has been managed by the Central Bank’s Oversight Unit.

 

In 2009, transactions worth 11.2 billion euros were carried out with Laser debit cards. However, from the year 2007, Laser Cards began to be replaced by MasterCard debit cards by the financial organisations that had issued the cards. In February 2014, Laser Cards were finally withdrawn.


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How were Laser Cards used?

 

The Laser payment system could be used by either internet or telephone banking, as well as a cash dispenser machines (ATMs) and to make regular payment via direct debit.

 

When a user made a purchase with a Laser Card they could be given up to 100 Euros cashback, which would be added to the total cost of the purchase. Though certain retailers offered lower cashback rates, depending on their individual policy and how much cash they had available.

 

From 2005 onwards, a percentage of holders of Laser Cards were issued with cards that were co-branded between Laser and Maestro. By January 2008 every Laser Card had been co-branded. These co-branded cards had functions related to both Maestro and Laser and were essentially Chip and PIN cards.

 

Whilst the Laser functions of the cards were confined to the Republic of Ireland, the Maestro capabilities could be used both domestically in Ireland and, in theory, internationally. However, what commonly occurred was that when used internationally these Maestro payments could be rejected. No interest was made by banks other than those in Ireland to collaborate with the Laser debit card payment scheme.