The application of pre-paid cash card for consumers
Sunday, June 29, 2008
The users of prepaid cash card have increased year by year. However, why so many consumers have started to apply prepaid cash card nowadays? What is the prepaid cash card? Are they same like credit or debit card and etc…all of the question about prepaid cash card may have hesitated most of the people from applying a prepaid cash card.
A prepaid cash card is a card that allows people to make cashless payment without access to credit or debit cards. You can reload the balance at the retail location where you purchased the card or directly deposit of your checks. You can use it anywhere credit cards are accepted.
Since the prepaid cash cards are only authorized to process transaction by key in personal identification number, no one else can use your card. This means that if someone steals your card information, or your physical prepaid cash cards, you do not need to worry about them using your money. This is why prepaid cash cards are considered the most secure and safe financial transaction cards.
The great thing about prepaid cash cards is that they give convenience to you. Automated teller machines are everywhere now, and you can use prepaid cash cards at automated teller machines to withdraw cash from your checking account, deposit funds into your checking account, and even check your account balance. In the event that you ever need cash in a pinch, you can use your prepaid cash card to get funds from millions of ATMs nationwide.
Touch ‘n Go uses contact less smartcard technology. The card looks similar to a credit card. User can continue using the card as long as it is pre-loaded with electronic cash. User can reload the card at toll plazas, train stations, Automated Teller Machines, Cash Deposit Machines, Petrol kiosks and at authorized third party outlets. Reload denomination is ranging from RM20 to RM500.
Octopus is an electronic system that makes 
traveling, dining and shopping in
Now, Octopus is available at over 1,000 different Service Providers including public transportation services, apparel stores, bakeries, car parks, cinemas, convenience stores, fast food chains, household stores, leisure facilities, personal care stores, photo finishing stores, photocopiers, supermarkets, and vending machines.
