A small portable device which contains electronic money. It is sometimes called the electronic wallet or the stored value card (SVC)
A stored-value payment card that holds value which can be exchanged for goods and services. It is an alternative to cash. The card can be disposable or re-loadable, but in each case the card's stored value is reduced as payments are made. Electronic purses do not form part of the Chip and PIN Programme.
A stored-value card that can be used to make purchases from more than one vendor.
a card that you can use in many locations to buy or use a service instead of paying by cash
a convenient alternative to cash when it comes to low value transactions or where exact change or coins are required (vending machines, public transport, parking meters, etc
an application in a card where value is stored for low dollar transactions
a plastic bank card embedded with a computer chip, which replaces the need for cash when making payments and transactions
Smartcard with stored value that can be ‘loaded' with digital cash at banks or from ‘electronic wallets', and spent using point-of-sale devices.
Also known as an e-purse. A stored-value payment card used to pay for goods and services. It is an alternative to cash. The card can be disposable or re-loadable. The stored value is reduced as payments are made.
Using smart card technology an electronic purse is created with cash stored electronically on a microchip, creating a pre-payment card which can then be used to buy a range of goods and services. This allows the safe transfer of value to another electronic purse. Trials are underway in many countries - in the UK, the Mondex trails started in 1995 (see also Wallet). Return to the top
a smart card on which electronic money can be stored.
Smart card stored value program.
A general purpose prepaid card which is used for payments. Purse can de disposable or reloadable.
A specific type of smart-card. A chip in the card provides multiple payment options such as debit, credit, and direct payment from a stored balance. The electronic purse allows for transactions with different merchants in many locations.