Plastic Money

What is Plastic Money

Plastic money are the alternative to the cash or the
standard 'money'. 
Plastic money is the generic term for all types of bank
cards. Credit cards, Debit card, Smart Card etc.
Types of Plastic Money
Debit Card
Credit Card
Cash Card/ ATM Card
Pre-paid cash Card
Smart Card
Microchip carries card holder information.
Benefits of Plastic Money
Carrying less cash is safer.
Lesser checkout lines and faster transaction.
It can easily obtain cash from ATM
Benefits of Plastic Money Cont.
Pin number ensures secure access to their checking
account.
Can pay for goods by electronic fund transfer.
You can buy goods on credit.
Benefits from Merchant's point of view

Increased Sales
Customer Satisfaction
Speed of checkout
Improved Efficiency
Traditional Transaction process Vs. ATM
Customer Cheque Transaction Archival Warehousing
Deposits Verification Done

Enter Collect
Insert Card Enter Pin
Amount Money
Online Payments
These days, almost any online transaction that you'd
make in person, you can pay with cards.
Bills Payment
You can pay restaurant bills with cards. Also you can
pay bills during shopping and it is more secure than
cash.
Finally…
Today it is already impossible to imagine modern bank
operations, commercial transactions and other
payments without using the plastic cards.
Thank You