Some credit card companies have cards with the option of paying first and using later. This is generally for people who have had some sort of credit difficulty. You would put money onto the card and then have that amount to spend.
a smart card on which electronic money is stored.
Also called "stored value cards," these plastic cards function much like a traveler's check; the user pays money up front, gets a plastic card authorizing a certain amount of money, and then spends the value over time. Prepaid cards derive purchasing power from information stored in the card itself. In contrast, ATM and credit cards get their purchasing power from the computer system at the issuing financial institution.
A card that is loaded in advance with a set amount of currency, which can be used as a gift or travel card.
A card on which value is stored, and for which the holder has paid the issuer in advance. (See also limited-purpose, multipurpose prepaid card, store-value card and electronic purse). PKI (Public Key Infrastructure) : A set of computer systems, networks and digital certificates to handle exchange of public and private keys and to ensure secure communications.
A card with a specific monetary value assigned to it that contains that value information stored on a magnetic stripe or computer chip integrated into the card. · See Also · Stored Value Card
Stored Value Card. A card paid for in advance at point of sale permitting the holder to buy goods and services up to the prepaid value.
A card on which value is stored, and for which the holder has paid the issuer in advance. Telephone cards are a common example of prepaid cards.
