money or ploymer money, made out of plastic, is a new and easier way of playing
for goods and service. plastic money was introduced in the 1950s and is now an
essential from of ready money which reduces the risk of handing a huge amount
include debits cards, ATMs, Smart card, etc…
Factors Affecting Utilization Of
(less cash burden)
Add – on
level of the customer,
income of the customer,
of the bank,
Ø Lower bank charges.
Advantages of Plastic Money
free use of funds, provided the customer to pay full balance in time.
more convenient to carry than cash.
establishing a good credit history
convenient payment method for purchases made on the internet and over the
incentive, such as reward points, thatwe can redeem.
Disadvantage Of Plastic Money
more than other forms of credits, such as a line of credit or a personal loan,
if the customer does not pay on time.
customer credits rating if payments are late.
Different Forms Of Plastic Money
card used to withdraw money from a banking institution‘s called automatic
teller machine. Sometime this card may also be used as a debit card, but not
all ATM card have this capability.
card is plastic money that is used to pay for product and services at over the
20 million locationaroundworld.
card are substitutes for cash or check payment, much the same way that credit
card are. However, bank only issued them when the customer have an account with
card is mean f obtaining a very short – term (usually around 1 month) loan for
visa and master card are commonly used by the travellers to bear their expenses
on their tripe. Believe it or not, most of travellers financial their trip with
their business credit card.
MASTER CARD WORLD WIDE
card worldwide is multinational corporation based in purchase, New york, united
card is a plastic card embedded with a computer chip that stores and transacts
data between user. This data is associated with either value or information or
both and stored and processed within the card‘s either a memory or
special GOLD VISA CARD with all its prestige, and additional service especially
designed for people looking for peace of mind in their second home.