The Application of Pre-Paid Cash Card for Consumers

A pre-paid cash card commonly referred to as a stored-value card, is typically a credit card- sized piece of plastic that contains or represents an amount of pre-loaded value.Basically, it's a card you can load money on and use anywhere including online.

For example, the Touch-n-Go smart card which is used by Malaysian toll expressway and highway operators as the sole electronic payment system(EPS).The Touch-n-Go systems are designed to process up to 800 vehicles per hour to ease the queue congestion at the toll plaza.It is the same technology used as electronic payment of transport for London which is known as Oyster card.Before long,Tounch-n-Go can use in anywhere such as 7-Eleven, KFC,Mc Donald,etc.The another example for the application of Pre-paid cash card for the consumers including gift cards,prepaid telephone cards, payroll cards, government benefit cards, mall cards, etc.

There are numerous benefits to the pre-paid cash card. These include:

Availability - There are no credit checks, which means you can get a card without worrying about your credit history.

Control - Prepaid cash cards are an ideal way to budget for yourself.Like a credit card you get a full breakdown of spending on the card so you can see what has been purchased, who from and when.

No debt risk - With a prepaid card there is no chance of spending too much as you are limited to the amount you put on your card.

The card for travel - As well as being able to top up the card, depending on the

specific provider, you will be able to use it at ATMs worldwide. Many providers now offer dollar and euro cards and offer a better exchange rate on their travel cards.

Security- If you are still uncomfortable giving the numbers of the card on the internet, the prepaid cash card is the answer. Since the card can be charged only up to the value of the pre-loaded fund, the thieves can not make an excessive charge using your card.