Thursday, June 26, 2008

The application of pre-paid cash card for consumers













Pre-paid cash card is a type of scratch card, where customers need to pay first before purchases. Prepaid values are stored on cash card, the values will be deduct when purchases or other usage. By using prepaid cash card, customers do not have to wait for the bill statement because the money used is preloaded. Pre-paid cash card is a perfect way to keep track of spending to ensure overspend.

Once the money for the card is finish, you can't spend any more until you make another deposit. It has the same principle like debit card linked to a savings or checking account. But, pre-paid cash card doesn’t require credit bank account; therefore it is an option for people with a poor credit history. Pre-paid card works like a bank account. First, customers need to deposit money into the company of that card then he/she can spend that amount of money like traditional debit card. Pre-paid cash card have the ability to reload the balance through automatic deposits from your own bank account.

Pre-paid cash card for Malaysia
The Touch 'n Go smart card are used by Malaysian toll expressway and highway operators as the sole electronic payment system (EPS). The credit card sized smartcard made of plastic with Philips' MIFARE microchip technology embedded in it. Touch 'n Go systems designed to process up to 800 vehicles per hour to ease the queue congestion at toll.
Besides that, Touch 'n Go also can use for public transportation, ticketless parking, retail outlets and admission fees for Bukit Merah Lake Town Resort.
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Prepare By: Chee Seng

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