Application of Pre-paid Cash Card

Since human life development growth rapidly, pre-paid cash card system has bring much more convience for business transaction, especially for customer. Pre-paid card system enables customers to make purchases,calls and participate in a survey using an authorized card. Such system include four major functional components which include plurality of cards, host computer, plurality of on-site activation terminals and processor. Each component has a security number associated therewith. The card typically formed of cardboard,paper or plastic and may include security number in cleartext under a suitable blackout.

Pre-paid cash card always need a personal identification number to be keyed in for the transaction to be authorized. It also can act as security for card holder to prevent other people use such card unless the personal identification number had informed to other people. If someone steals the card information or physical prapaid cash cards, card holder also no need to worry about them using the money. So pre-paid cash card are considered the most secure and safe financial transaction cards.

Pre-paid cash card are like a portable access point tho card holder checking account. The automated teller machines are evrywhere and card holder can use it to withdrawal, deposit funds from or into checking account in cash or even make account balance inquiry. Such automated teller machine is convience for card holder since they don't have go to the bank anymore. Besides that, the convience fee charged by machine is much smaller than the fee charged by bank.

Although pre-paid cash card has many advantages, but it also has some downside. The card holder can't use them to make"card not present" purchase, such as buying something online. Pre-paid cash card also can't use in"quick pay" terminals that have a card reader but no keypad to enter the personal indentification number.

reference links:https://www.obopay.com/resource/prepaid-cash-card.html
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