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Sections SectionsSectio n 1 of 14 CHAPTER 1 INTRODUCTI ON TO
BANKING SYSTEMp. 3 CHAPTER 2 DESIGN OF STUDYp. 6 CHAPTER 3 AN

OVERVIEW ON PLASTIC MONEYp. 8 CHAPTER 4 HISTORY OF PLASTIC MONEYp. 10
CHAPTER 5 ECOMMERCE, EPAYMENTS, AND M
COMMERCE p. 16 CHAPTER 6 TYPES OF CARDS:p. 18
CHAPTER 7 CREDIT CARDSp. 22 CHAPTER 8 DEBIT CARDSp. 34

CHAPTER 9 ATM CARDp. 41 CHAPTER 10 IMPACT OF PLASTIC MONEYp. 44

CHAPTER 11 PLASTIC MONEY IN INDIAp. 46 CHAPTER 12 FUTURE OF PLASTIC

MONEY IN INDIAp. 49 CHAPTER 13 PLASTIC CARD VULNERABI LITIESp. 51
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Y.B.B.I (V SEM) PLASTIC MONEY (With special reference to CreditCards,
Debit Cards & ATM Cards)
PLASTIC MONEY Everybody has talked about the checkless,cas hless society.
They said it would be here 10years from now. We think its here today.John G. McCoy,
chair of City National Bank and Trust, Columbus, Ohio (1973) 2
PLASTIC MONEY CHAPTER 1INTRODUC TION TO BANKING SYSTEM
BANKING: Accepting for the purpose of lending or investment of deposits of moneyfrom
public, repayable on demand in the form of cheques, drafts or orders.Today
banks have become a part and parcel of our life. There was a time whenthe dwellers of the
city alone could enjoy their services. Now banks offer access to every common man and their
activities extendto areas hitherto untouched. Apart from their traditional
business orientedfunctio ns, they have now come out to fulfill national responsibilities.
INDIAN BANKING SYSTEM: Banking system plays a vital role in the economic
development of acountry. The structure of the banking system in India consists of two parts:
Unorganized sector Organized sector The unorganized
sector comprises money lenders and indigenous bankers. Theorganized sector consists
of Commercial banks, Cooperative banks andRegional rural banks.
COMMERCI AL BANKS: 3
PLASTIC MONEY Commercial banks are the oldest banking institution in the banking
sector they consist of the predominant segment of the banking system in India.
Theycater to the needs of trade, transportation and other activities with a widenetwork
of branches throughout the country. Commercial banks command amajor share in
the total banking operation. Primary functions of
commercial banks The primary function of commercial banks is called traditional
functionor core function. They are as follow:1.Accep ting of deposits from the
public2.Creati on of credit3.Lendi ng of funds4.Use of cheque
system5.Remi ttance of fund Secondary functions of commercial Banks:
ency functionsneou s functions or general utility function Safe custody of valuables.
Issue of letter of credit. Travelers cheque.
Merchant banking. Credit cards. Debit cards.
Tellers system. Etc. CREDIT CARDS: Credit card is a plastic card that enables it
users to purchase goods or services from certain retail and services
establishments get paid by the bank 4
PLASTIC MONEY operating the plan. The bank assumes the risk and responsibility
of collectingthe dues from the customers. DEBIT CARDS:
Debit card is a plastic card issued by the banks to enable its customers toget access to
his or her bank account for payment by simply using the card.When a customer makes any
purchase using the card, his/her bank account isdirectly debited to the extent of the
purchase amount. ATM CARDS: Banks offer this card as a free service to its deposit
holders. ATM cardsare used to withdraw cash from bank accounts when bank counters
closed or even when counters are open to save on time. 5
PLASTIC MONEY CHAPTER 2DESIGN OF STUDY
OBJECTIVE OF STUDY The object of this research is:
To study the convenience of plastic money in recent era. To identify the factors
which affect the status of paper money andincreasing the usage of plastic money & why the
plastic money usage hasincreased To study the safety of plastic money.
HYPOTHESIS People are more cautious in money matters.
People have changed their attitude towards plastic cards.
SCOPE OF THE STUDY The study concentrates on the different types of plastic
money in brief. Itconcentrates more on credit card, debit card and ATM cards. The
project coversthe impact of plastic money and also the increasing use
of plastic money inIndia 6
PLASTIC MONEY LIMITATION SScribd Upload a Document
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verybody has talked
about the checkless,
TO BANKIN G
SYSTEMa
s hitherto untouched. Apart from their traditional business
orientedanized sector consists of Commercial banks, Cooperative banks
andpting of deposits from the publiceation of creditnding of fundsof cheque
systemmittanc e of fundency functionsneou s functions or general utility function

PLASTIC MONEY
CHAPTE R 2DESIGN OF STUDY
OBJECTIV E OF STUDY
The object of this research is:
To study the convenience of plastic money in recent era.
To identify the factors which affect
the status of paper money andincreasing the usage of plastic money & why the plastic money
usage hasincreased
To study the safety of plastic money.
HYPOTHE SIS
People are more cautious in money matters.
People have changed their attitude towards plastic cards.
SCOPE OF THE STUDY

The study concentrates on the
different types of plastic money in brief. Itconcentrates more on credit card, debit card
and ATM cards. The project coversthe impact of plastic money and also the
increasing use of plastic money inIndia

6
PLASTIC MONEY
LIMITATI ONS
I have restricted my project on Plastic
Money to credit card, debit cardsand ATM cards only
It has been restricted to the
extent of individuals only.
Survey has been conducted on micro level
basis to know the preferencesof plastic money.
Only 25 customers of different
banks have been considered for undertakin g the study and the findings of
the study have been listed out.
METHODO LOGY
Primary study has been
undertaken on micro level basis on focusing onlya few individuals.
Secondary data is collected by undertaking extensive library research aswell as from various
websites and books.

7
PLASTIC MONEY
CHAPTE R 3AN
OVERVIE W ON PLASTIC MONEY

Look in your wallet. If you
are like an average middle-class, living in ametropolitan you probably must have at
least one thin plastic card that you useto pay for things at many merchants. Take out one
of those cards. The card you picked is about 3

3/8
long, by 2
1/8
wide, weighs about a fifth of an ounce, has amagnetic stripe on the back and has a 13 to 16 digit
account number embossedon the front. It is called a payment card. Once
cardboard, now plastic, the carditself may become an anachronism.T he plastic note is same as
paper but the only difference is that they aremade of plastic. They are more secured as
compared to that of paper notes.In traveling and shopping people used to carry huge
cash which was muchunsecure d and also increasing crime rate. Then the cards
were introduced in theworld to resolve the issue of carrying huge cash. These
cards are known asPlastic Money. The usage of plastic money (Cards) has increased in
the mode of payment of huge amount and time by time there are lots of different types
of plastic money introduced which enhanced the features of plastic money
like wecan use it anywhere in the world and etc. Now the world is getting globalized soevery card is
accepted everywhere with the power of VISA which interconnectth
e different countries.
8
PLASTIC MONEY
In the last half of the twentieth
century, payment cardscredit, debit, andcharge cardshave quietly
revolutionized how we pay for goods and services.It is increasingly common to find merchants
who do not take cash or cheques,and increasingly rare to find merchants who refuse payment
cards.Payment cards have also revolutionized how we coordinate the timing
of when we purchase goods and services and when we pay for them. The popular media
often focus on how credit cards is making it much quicker and easier to borrow,
encourage people to spend beyond their means and get mired in debt.Although
removing the hassle from the process of borrowing has allowed some people to borrow too
much, credit cards have enabled many more of us toachieve a better standard of
living. The millions of people who finance purcha ses on credit cards want to enjoy life
earlier than their current incomesand savings permit. Credit cards enable them to do so.Payment
cards can save cardholders time. Different studies providediffere nt estimates of
how long it takes people to pay with various paymentinstru ments at the counter. And
as we are all aware, there is a lot of varianceacross merchants depending on their particular
equipment and setupnot tomention their clerks. There is agreement that credit cards are faster than
checks, but there is disagreement as to how much faster.The answer will almost
certainly vary by retail category and other variables. One industry source suggests that the
difference in favor of cards is aslarge as fifty-six seconds. Whether cards are as fast as
cash is also a matter of dispute. To use cash, of course, requires spending some
time getting it. This iseasier today with the proliferation of ATM machines and cards, but for
the cardindustrys first few decades it required trips to the bank
window. Time savings

9
PLASTIC MONEY
of only a few seconds per transaction
become worth quite a bit when billions of transactions are involved.
CHAPTE R 4HISTOR Y OF
PLASTIC MONEY
The manner in which people pay each other has seen few
revolutions asfundamental as the spread of electronic money. Emoney has altered how
we pay for things: most of us now use plastic cards and their digits for many of our daily
purchases. And it has altered when we pay for things: most of us defer some payments until
our monthly charge or credit bills arrive, and many of usfinance some
purchases over time. History teaches us how significant both of these transformations have been.
The Evolution of Money Perhaps the only more fundamental development in the history
of moneyis the birth of money itself. Long before credit cards and checks, people foundways to
pay for things they wanted. Cash, Check, or an Ox? For many millennia, people
bartered twenty of my arrows for two of your bushels of wheat; six of your vases for
two of my loincloths. Ascivilization developed, people discovered the convenience of
a unit of account,launch ing the first major transformation in the development
of money as ameans of exchange and a store of value. Over the next centuries, and
today,money is still being transformed, but always with a focus on improving itsconvenience
and usability as a unit of account, a means of exchange, and a store

10
e. The Iliad and the Odyssey, which appear to reflect customs arounde,
although a fine unit of account, it wasnt aians, building on a millennia-old tradition of
using precious metal for oducing physical money, processing checks, or
keeping the books for

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CHAPTER 1 INTRODUC TION TO BANKING SYSTEM
CHAPTER 2 DESIGN OF STUDY CHAPTER 3 AN OVERVIEW ON
PLASTIC MONEY CHAPTER 4 HISTORY OF PLASTIC MONEY
CHAPTER 5 ECOMMERC E, EPAYMENTS, AND M-
COMMERC E CHAPTER 6 TYPES OF CARDS:
CHAPTER 7 CREDIT CARDS CHAPTER 8 DEBIT CARDS
CHAPTER 9 ATM CARD
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Language: English
I have restricted my project on Plastic Money to credit card, debit cardsand
ATM cards only It has been restricted to the extent of
individuals only. Survey has been conducted on micro level
basis to know the preferencesof plastic money. Only 25 customers of
different banks have been considered for undertakin g the study and the findings of
the study have been listed out. METHODOL OGY
Primary study has been undertaken on micro level basis on focusing onlya
few individuals. Secondary data is collected by undertaking
extensive library research aswell as from various websites and books.
PLASTIC MONEY CHAPTER 3AN
OVERVIEW ON PLASTIC MONEY Look in your wallet. If you are like an average
middle-class, living in ametropolitan you probably must have at least one thin plastic card
that you useto pay for things at many merchants. Take out one of those cards. The card
you picked is about 3 3/8 long, by 2 1/8
wide, weighs about a fifth of an ounce, has amagnetic stripe on the back and has a 13 to 16 digit
account number embossedon the front. It is called a payment card. Once
cardboard, now plastic, the carditself may become an anachronism.T he plastic note is same as
paper but the only difference is that they aremade of plastic. They are more secured as
compared to that of paper notes.In traveling and shopping people used to carry huge
cash which was muchunsecure d and also increasing crime rate. Then the cards
were introduced in theworld to resolve the issue of carrying huge cash. These
cards are known asPlastic Money. The usage of plastic money (Cards) has increased in
the mode of payment of huge amount and time by time there are lots of different types
of plastic money introduced which enhanced the features of plastic money
like wecan use it anywhere in the world and etc. Now the world is getting globalized soevery card is
accepted everywhere with the power of VISA which interconnectth
e different countries. 8
PLASTIC MONEY
In the last half of the twentieth century, payment cardscredit, debit, andcharge
cardshave quietly revolutionized how we pay for goods and services.It is increasingly
common to find merchants who do not take cash or cheques,and increasingly rare to find
merchants who refuse payment cards.Payment cards have also revolutionized how we
coordinate the timing of when we purchase goods and services and when we pay
for them. The popular media often focus on how credit cards is making it much quicker
and easier to borrow, encourage people to spend beyond their means and get mired
in debt.Although removing the hassle from the process of borrowing has allowed
some people to borrow too much, credit cards have enabled many more of us toachieve a
better standard of living. The millions of people who finance purcha ses on credit
cards want to enjoy life earlier than their current incomesand savings permit. Credit cards
enable them to do so.Payment cards can save cardholders time. Different studies
providediffere nt estimates of how long it takes people to pay with various paymentinstru
ments at the counter. And as we are all aware, there is a lot of varianceacross merchants
depending on their particular equipment and setupnot tomention their clerks. There is agreement that
credit cards are faster than checks, but there is disagreement as to how much faster.The
answer will almost certainly vary by retail category and other variables. One industry
source suggests that the difference in favor of cards is aslarge as fifty-six seconds.
Whether cards are as fast as cash is also a matter of dispute. To use cash, of course,
requires spending some time getting it. This iseasier today with the proliferation of ATM
machines and cards, but for the cardindustrys first few decades it required trips
to the bank window. Time savings 9 PLASTIC MONEY
of only a few seconds per transaction become worth quite a bit when billions
of transactions are involved. CHAPTER 4HISTORY OF PLASTIC MONEY
The manner in which people pay each other has seen few revolutions asfundamental as the spread
of electronic money. Emoney has altered how we pay for things: most of us now use
plastic cards and their digits for many of our daily purchases. And it has altered when
we pay for things: most of us defer some payments until our monthly charge or credit bills
arrive, and many of usfinance some purchases over time. History teaches us how
significant both of these transformations have been. The Evolution of Money
Perhaps the only more fundamental development in the history of moneyis the birth of money
itself. Long before credit cards and checks, people foundways to pay for things they wanted.
Cash, Check, or an Ox? For many millennia, people bartered twenty of my
arrows for two of your bushels of wheat; six of your vases for two of my loincloths.
Ascivilization developed, people discovered the convenience of a unit of account,launch
ing the first major transformation in the development of money as ameans of
exchange and a store of value. Over the next centuries, and today,money is still being
transformed, but always with a focus on improving itsconvenience and usability as a unit of
account, a means of exchange, and a store 10
PLASTIC MONEY of value. The Iliad and the Odyssey, which appear to reflect
customs around850 800 BC, refer to exchanges measured in oxen. A large tripod (an
objectwith three legs serving as an altar or a sacrificial basin in ancient and
classicaltimes) was worth twelve oxen and a skillful female slave four. That didnt meanyou
had to pay twelve oxen for the large tripod; you could pay three skillfulwomen
or perhaps gold or silver worth twelve oxen.An ox wasnt money because, although a fine
unit of account, it wasnt agreat means of exchange or store of value. Around two
centuries later, theLydians, building on a millennia-old tradition of using precious metal
for exchanges, stamped out coins of fixed weights. Convenient to exchange, easilystored,
and readily counted, these were the first money.It took industrialized societies another 2,500
years to accept that moneywas valuable even if not made of precious metal as long as people
accepted itfor exchange and used the same unit of account. Trust replaced metal.Today, people
exchange units of account such as the dollar or the euro which they convert into goods and
services. Cash, checks, electronic transfers of funds among accounts, and payment card
systems are ways of exchanging theseunits. Each is a medium for facilitating the
exchange of value among buyers andsellers. And each is a variety of money.Money,
unlike air, is not a free good for society. It requires resources: pro ducing physical
money, processing checks, or keeping the books for electronic money. One
way or another, people have always paid for the moneythey use. That is obvious
for private payment systems such as checks and cards.It is less obvious, but nonetheless
true, for government payment systems basedon coin or paperfor instance, mints
are usually impressive buildings withlarge staffs, and the inflation tax is one of the
oldest levies. (The inflation tax 11

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Sections show all prev | next
CHAPTER 1 INTRODUCTI ON TO BANKING SYSTEM
CHAPTER 2 DESIGN OF STUDY CHAPTER 3 AN OVERVIEW
ON PLASTIC MONEY CHAPTER 4 HISTORY OF PLASTIC MONEY
CHAPTER 5 ECOMMERCE, EPAYMENTS, AND MCOMMERCE
CHAPTER 6 TYPES OF CARDS: CHAPTER 7 CREDIT CARDS
CHAPTER 8 DEBIT CARDS CHAPTER 9 ATM CARD CHAPTER 10 IMPACT
OF PLASTIC MONEY CHAPTER 11 PLASTIC MONEY IN INDIA
CHAPTER 12 FUTURE OF PLASTIC MONEY IN INDIA CHAPTER 13 PLASTIC
CARD VULNERABI LITIES Share & Embed Related Documents
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Sections SectionsSectio n 1 of 14 CHAPTER 1 INTRODUCTI ON TO

Formatted: Space Before: 0 pt, After: 0 pt, No bullets or numbering

BANKING SYSTEMp. 3 CHAPTER 2 DESIGN OF STUDYp. 6 CHAPTER 3 AN

OVERVIEW ON PLASTIC MONEYp. 8 CHAPTER 4 HISTORY OF PLASTIC MONEYp. 10

CHAPTER 5 ECOMMERCE, EPAYMENTS, AND M

COMMERCE p. 16 CHAPTER 6 TYPES OF CARDS:p. 18

CHAPTER 7 CREDIT CARDSp. 22 CHAPTER 8 DEBIT CARDSp. 34

CHAPTER 9 ATM CARDp. 41 CHAPTER 10 IMPACT OF PLASTIC MONEYp. 44

CHAPTER 11 PLASTIC MONEY IN INDIAp. 46 CHAPTER 12 FUTURE OF PLASTIC

MONEY IN INDIAp. 49 CHAPTER 13 PLASTIC CARD VULNERABI LITIESp. 51

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Download this Document for Free Auto-hide: on -DISHA PANIKER T.

Y.B.B.I (V SEM) PLASTIC MONEY (With special reference to CreditCards,

Debit Cards & ATM Cards)

chair of City National Bank and Trust, Columbus, Ohio (1973) 2

PLASTIC MONEY CHAPTER 1INTRODUC TION TO BANKING SYSTEM

BANKING: Accepting for the purpose of lending or investment of deposits of moneyfrom

public, repayable on demand in the form of cheques, drafts or orders.Today

activities extendto areas hitherto untouched. Apart from their traditional

Unorganized sector Organized sector The unorganized

of Commercial banks, Cooperative banks andRegional rural banks.

of branches throughout the country. Commercial banks command amajor share in

the total banking operation. Primary functions of

commercial banks The primary function of commercial banks is called traditional

public2.Creati on of credit3.Lendi ng of funds4.Use of cheque

system5.Remi ttance of fund Secondary functions of commercial Banks:

ency functionsneou s functions or general utility function Safe custody of valuables.

Issue of letter of credit. Travelers cheque.

Merchant banking. Credit cards. Debit cards.

users to purchase goods or services from certain retail and services

establishments get paid by the bank 4

of collectingthe dues from the customers. DEBIT CARDS:

closed or even when counters are open to save on time. 5

PLASTIC MONEY CHAPTER 2DESIGN OF STUDY

OBJECTIVE OF STUDY The object of this research is:

plastic money usage hasincreased To study the safety of plastic money.

HYPOTHESIS People are more cautious in money matters.