As part of the settlement in the lawsuit against MasterCard and Visa by U.S. merchants, credit unions that issue MasterCard debit cards will need to adopt and implement a new hologram design standard by Jan. 1, 2004. MasterCard has introduced a new debit MasterCard card that features a hologram with the word "Debit" imprinted within the MasterCard Identification area. The requirements apply to U.S. issued MasterCard-branded consumer signature debit, stored-value, electronic benefits transfer, prepaid and payroll cards.
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