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  • Everything You Need to Know About Plastic Money

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    Sanjeev
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    Plastic money refers to bank cards like debit and credit cards. The first plastic money was introduced in 1951 by Franklin National Bank in New York. There are different types of cards including debit cards, credit cards, charge cards, and smart cards from brands like Visa, Mastercard, and American Express. Card holders can access cash from ATMs, pay bills automatically, and avoid carrying cash. To be eligible for a card, individuals need a salary over a certain threshold and a bank account. Cards display the customer's name, 16-digit number, expiration date, issuing bank, and include security features like holograms.

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    Plastic money refers to bank cards like debit and credit cards. The first plastic money was introduced in 1951 by Franklin National Bank in New York. There are different types of cards including debit cards, credit cards, charge cards, and smart cards from brands like Visa, Mastercard, and American Express. Card holders can access cash from ATMs, pay bills automatically, and avoid carrying cash. To be eligible for a card, individuals need a salary over a certain threshold and a bank account. Cards display the customer's name, 16-digit number, expiration date, issuing bank, and include security features like holograms.

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    21 views17 pages

    Everything You Need to Know About Plastic Money

    Uploaded by

    Sanjeev
    Plastic money refers to bank cards like debit and credit cards. The first plastic money was introduced in 1951 by Franklin National Bank in New York. There are different types of cards including debit cards, credit cards, charge cards, and smart cards from brands like Visa, Mastercard, and American Express. Card holders can access cash from ATMs, pay bills automatically, and avoid carrying cash. To be eligible for a card, individuals need a salary over a certain threshold and a bank account. Cards display the customer's name, 16-digit number, expiration date, issuing bank, and include security features like holograms.

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    of 17

    Presentation on

    PLASTIC MONEY

    WHAT IS A PLASTIC
    MONEY?
    Plastic money is the

    name given to all


    types of plastic bank
    cards
    Holders of a valid card

    have the authorization


    to purchase goods and
    services up to a
    predetermined amount,
    called a credit limit.

    BIRTH OF PLASTIC MONEY


    It all began in

    the year 1951.


    New York based

    bank called
    Franklin
    National Bank
    started
    providing cards
    (Plastic
    Money).

    TYPES OF CARDS
    Debit Card
    Credit Card
    Charge Card
    Amex Card

    Credit card

    Smart Card
    Photo Card

    Debit card

    Maser Card and VISA


    Diner Club Card
    Global Card
    Co Branded card
    Affinity Cards

    FEATURE OF PLASTIC
    MONEY
    There are some advantages
    of using
    plastic money:
    1> No need to carry cash, a checkbook or traveler's
    checks.
    2> It can obtain cash from the ATM
    3>Bills can be paid automatically via credit card

    WHO CAN BE A (Credit/debit) CARD HOLDER

    A person who earns a

    salary of Rs. 60,000/_ per


    annum is eligible for a
    card.
    He should have a savings
    current account in the
    bank.
    His assets and liabilities
    on a particular date are
    reported to bank.
    He is considered credit
    worthy upon to certain
    limit depending upon his
    income, assets and
    expenditure.

    Major Banks issuing Credit


    &Debit Card in Pakistan: Standard Chartered Bank
    State Bank of Pakistan
    Allied Bank
    Habib Bank
    United Bank
    Citi Bank
    Muslim Commercial Bank
    National Bank

    PARTICULARS DISPLAYED ON THE CREDIT


    CARDS

    NAME OF THE CUSTOMER.


    16-DIGIT CARD NUMBER.
    VALIDITY DATE.
    THE VISA HOLOGRAM AND THE VISA

    LOGO.
    NAME OF THE ISSUING BANK.
    SIGNATURE PANEL.
    PIN (PERSONAL IDENTIFICATION
    NUMBER)

    NAME OF THE
    CUSTOMER
    Every card displays

    the name of
    customer. It should
    be spelled
    correctly. In case, it
    does not, the
    customer can
    contact the
    customer service
    cell/helpline and
    get the necessary
    correction done.
    This facility is

    . 16-DIGIT CARD
    NUMBER
    A unique 16 digit

    number is
    allotted to every
    customer/
    cardholder.

    . VALIDITY DATE
    The card mentions the

    period through which


    it is valid. The card is
    usually valid from the
    it is received by the
    customer unto and
    including the last day
    of the month
    indicated on the card.
    After the card has to
    be renewed.

    THE VISA HOLOGRAM AND THE


    VISA LOGO
    The hologram and

    the logo ensure


    that all the
    establishments
    through out the
    world displaying
    the visa logo will
    accept the card.

    NAME OF THE ISSUING


    BANK
    The card

    indicates on the
    top the name of
    the issuing
    bank.

    SIGNATURE PANEL
    The back of the card

    contains the signature


    panel. The customer must
    put his signature on the
    signature panel to prevent
    misuse by any other person.
    This identifies the card
    holder. Signature on the
    panel would imply that card
    holder has given his consent
    to abide by the terms and
    conditions governing the use
    of the credit card. The card
    is valid is only if signed.

    . PIN (PERSONAL
    IDENTIFICATION NUMBER):
    Each card holder is

    issued a password
    or pin to enable use
    of the card for
    accessing his/her
    card account on the
    ATM and internet
    and also for availing
    any privilege,
    benefit or service
    that may be offered
    by bank on the card.

    Working Of Cards:-

    THANK YOU FOR


    LISTENING

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